Sectoral Production Functions: Results from Panel Models for Poland

Ulrichs, Magdalena; Gosińska, Emilia

doi:10.33119/gn/116617

GNPJE

2020

DOI: 10.33119/gn/116617

|View full text |Cite

Sectoral Production Functions: Results from Panel Models for Poland

Magdalena Ulrichs¹,

Emilia Gosińska²

Abstract: Streszczenie: Celem prezentowanego badania jest ocena wpływu poszczególnych form kapitału na kształtowanie się wartości dodanej brutto w poszczególnych sekcjach działalności gospodarczej w Polsce. W badaniu oszacowano parametry funkcji produkcji opisującej wpływ zmiennych reprezentujących kapitał rzeczowy oraz pracę na wartość dodaną brutto w Polsce. Jako narzędzie analizy przyjęto funkcję produkcji typu Cobba-Douglasa. Do estymacji wykorzystano dane panelowe dla poszczególnych województw obejmujące lata 2003-… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2021

Publication Types

Select...

Article1

Relationship

Self Cite0

Independent1

Authors

Journals

Cited by 1 publication

References 27 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

Assessment of Factors of Sustainable Development of the Agricultural Sector Using the Cobb-Douglas Production Function

Vasyl’yeva

2021

BJES

View full text Add to dashboard Cite

The aim of the article is to assess the impact of various factors (forms of capital) on the formation of gross value added and gross output of the agricultural sector of Ukraine’s economy under sustainable development using the modified Cobb-Douglas production function. Methods. The theoretical and methodological basis of the study consisted of the papers on economic growth, sustainable development and forecasting by scientists in classical and modern economics. A monographic method was used to cover the scientists’ views on the research issue. The parameters of the production function describing how variables (physical and human capital, pollutant emissions) act on gross value added and gross output of the agricultural sector of Ukraine were estimated on the basis of the modified Cobb-Douglas production function. Statistics for agriculture covering the period 2008-2018 were used for the assessment. The correlation and regression analysis was used to determine and verify the parameters of the production function. Equations of balance and construction of isoquants were used to foresight the optimal combinations of factors of the production function. Results. Using the Cobb-Douglas production function, econometric analysis with eco-socio-economic factors has shown that economic growth in agriculture is associated with improved quantitative and qualitative characteristics of labour potential, growing capital investment and reducing pollutant emissions. Estimation of the elasticity coefficients of the constructed Cobb-Douglas function (the sum exceeds 1) justifies that the economic development of agriculture mainly contains the features of a large-scale economy: modern level of science and technology provides advantageous expanding production to increase output. Practical significance. The constructed models allow to forecast assessment of the development of the agricultural sector’s components and can be used to develop the basic directions of the state agricultural policy to manage the formation and use of resource potential. Value/originality. Modelling how the resource factors act on output using the method of construction and calculation of parameters of the production function allows to predict the sustainable development of agricultural production under quantitative and qualitative changes in the use of labour and capital, as well as environmental factors. Further research ensures obtaining a dynamic multi-factor model of sustainable development of the agricultural sector and determining the main mechanisms of influence on the levers of economic growth.

show abstract

Assessment of Factors of Sustainable Development of the Agricultural Sector Using the Cobb-Douglas Production Function

Vasyl’yeva

2021

BJES

View full text Add to dashboard Cite

show abstract

scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.

Contact Info

customersupport@researchsolutions.com

10624 S. Eastern Ave., Ste. A-614

Henderson, NV 89052, USA

Blog Terms and Conditions API Terms Privacy Policy Contact Cookie Preferences Do Not Sell or Share My Personal Information

Made with 💙 for researchers

Part of the Research Solutions Family.

Sectoral Production Functions: Results from Panel Models for Poland

Cited by 1 publication

References 27 publications

Assessment of Factors of Sustainable Development of the Agricultural Sector Using the Cobb-Douglas Production Function

Assessment of Factors of Sustainable Development of the Agricultural Sector Using the Cobb-Douglas Production Function

Contact Info

Product

Resources

About