A Contribution to the Empirics of Total Factor Productivity’s Theory Based on a CES Production Function-Case of Moroccan Economy
Ahmed Oulad El Fakir
Statistician- Economist Engineer at the High-Commission for Planning (Rabat, Morocco) and doctoral student at the Faculty of Law, Economics and Social Sciences (FSJES) of Salé belonging to Mohamed V University, Morocco. ORCID N° 0000-0002-7057-2528.
https://doi.org/10.47191/jefms/v5-i12-35ABSTRACT:
Some propositions related to about growth theory are not valid for all production functions. This is the case for the estimation of total factor productivity based on the growth accounting’s approach which is easily verified with a Cobb-Douglas production function, but difficult to obtain with a CES production function. In this paper, we will try to do that estimation using Moroccan data.
KEYWORDS:
Cobb-Douglas production function, CES production function, constant returns to scale, total factor productivity.
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