ESTIMATION OF A PRODUCTION FUNCTION FOR PHILIPPINE RETAIL STORES

  • Jason C. Patalinghug Department of Economics and Finance, Southern Connecticut State University

Abstract

The purpose of this paper is the estimation of a production function for retail stores in the Philippines. A generalized Cobb-Douglas production function is utilized for this purpose. Ordinary Least Squares is used in obtaining the coefficients for labor and capital. The results show that the marginal product of labor to be higher than the marginal product of capital and the hypothesis of constant returns to scale is not rejected.

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References

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Published
2019-06-25
How to Cite
C. PATALINGHUG, Jason. ESTIMATION OF A PRODUCTION FUNCTION FOR PHILIPPINE RETAIL STORES. ECONOMICS - Innovation and economic research, [S.l.], v. 7, n. 1, p. 69-79, june 2019. ISSN 2303-5013. Available at: <http://economicsrs.com/index.php/economicus/article/view/172>. Date accessed: 19 july 2019. doi: https://doi.org/10.2478/eoik-2019-0006.