[Objective] To analyze the input and output in rice cultivation based on CD function. [Method] Based on the input factors, Cobb-Douglas production （CD） function was used to do the quantitative analysis on the input-...[Objective] To analyze the input and output in rice cultivation based on CD function. [Method] Based on the input factors, Cobb-Douglas production （CD） function was used to do the quantitative analysis on the input-output in rice production with rice growers as the objective. [Result] Considering the substitution effect of labor in- put and capital input, under the same technical conditions, the effect of increasing labor input on the rice production in per 667 m2 was negative, based on which 2 pieces of policy suggestions were put forward to promote the transfer of surplus la- bor force of rice growers and ensure the capital supply for rice production. [Conclusion] This study laid the foundation for the realization of reasonable allocation of rice production resources.展开更多
Recently, businessmen as well as industrialists are very much concerned about the theory of firm in order to make correct decisions regarding what items, how much and how to produce them. All these decisions are direc...Recently, businessmen as well as industrialists are very much concerned about the theory of firm in order to make correct decisions regarding what items, how much and how to produce them. All these decisions are directly related with the cost considerations and market situations where the firm is to be operated. In this regard, this paper should be helpful in suggesting the most suitable functional form of production process for the major manufacturing industries in Bangladesh. This paper considers Cobb-Douglas (C-D) production function with additive error and multiplicative error term. The main purpose of this paper is to select the appropriate Cobb-Douglas production model for measuring the production process of some selected manufacturing industries in Bangladesh. We use different model selection criteria to compare the Cobb-Douglas production function with additive error term to Cobb-Douglas production function with multiplicative error term. Finally, we estimate the parameters of the production function by using optimization subroutine.展开更多
In developing counties, efficiency of economic development has been determined by the analysis of industrial production. An examination of the characteristic of industrial sector is an essential aspect of growth studi...In developing counties, efficiency of economic development has been determined by the analysis of industrial production. An examination of the characteristic of industrial sector is an essential aspect of growth studies. The growth of a country can be measured by Gross Domestic Product (GDP). GDP is substantially affected by the industrial output. Industrial gross output is mainly a function of capital and labor input. If the effect of labor and capital input to output is at a satisfactory level in an industry or in a group of industries, then industrial investment will increase. As a result, the number of industries will increase, which will directly affect GDP and also will decrease the unemployment rate. This is why, industrial input-output relationship is so important for any industry as well as for the overall industrial sector of a country. To forecast the production of a firm is necessary to identify the appropriate model. MD. M. Hossain et al. [1] have shown that Cobb-Douglas production function with additive errors was more suitable for some selected manufacturing industries in Bangladesh. The main purpose of this paper is to detect the autocorrelation problem of Cobb-Douglas production model with additive errors. The result shows that autocorrelation is presented in some manufacturing industries. Finally, this paper removes the autocorrelation problem and re-estimates the parameters of the Cobb- Douglas production function with additive errors.展开更多
基金Supported by the Philosophy and Social Science Foundation of Hunan Province,China(2010YBA012)~~
文摘[Objective] To analyze the input and output in rice cultivation based on CD function. [Method] Based on the input factors, Cobb-Douglas production （CD） function was used to do the quantitative analysis on the input-output in rice production with rice growers as the objective. [Result] Considering the substitution effect of labor in- put and capital input, under the same technical conditions, the effect of increasing labor input on the rice production in per 667 m2 was negative, based on which 2 pieces of policy suggestions were put forward to promote the transfer of surplus la- bor force of rice growers and ensure the capital supply for rice production. [Conclusion] This study laid the foundation for the realization of reasonable allocation of rice production resources.
文摘Recently, businessmen as well as industrialists are very much concerned about the theory of firm in order to make correct decisions regarding what items, how much and how to produce them. All these decisions are directly related with the cost considerations and market situations where the firm is to be operated. In this regard, this paper should be helpful in suggesting the most suitable functional form of production process for the major manufacturing industries in Bangladesh. This paper considers Cobb-Douglas (C-D) production function with additive error and multiplicative error term. The main purpose of this paper is to select the appropriate Cobb-Douglas production model for measuring the production process of some selected manufacturing industries in Bangladesh. We use different model selection criteria to compare the Cobb-Douglas production function with additive error term to Cobb-Douglas production function with multiplicative error term. Finally, we estimate the parameters of the production function by using optimization subroutine.
文摘In developing counties, efficiency of economic development has been determined by the analysis of industrial production. An examination of the characteristic of industrial sector is an essential aspect of growth studies. The growth of a country can be measured by Gross Domestic Product (GDP). GDP is substantially affected by the industrial output. Industrial gross output is mainly a function of capital and labor input. If the effect of labor and capital input to output is at a satisfactory level in an industry or in a group of industries, then industrial investment will increase. As a result, the number of industries will increase, which will directly affect GDP and also will decrease the unemployment rate. This is why, industrial input-output relationship is so important for any industry as well as for the overall industrial sector of a country. To forecast the production of a firm is necessary to identify the appropriate model. MD. M. Hossain et al. [1] have shown that Cobb-Douglas production function with additive errors was more suitable for some selected manufacturing industries in Bangladesh. The main purpose of this paper is to detect the autocorrelation problem of Cobb-Douglas production model with additive errors. The result shows that autocorrelation is presented in some manufacturing industries. Finally, this paper removes the autocorrelation problem and re-estimates the parameters of the Cobb- Douglas production function with additive errors.
