Paper abstract

Aggregate production functions and growth economics

Temple, Jonathan R. W. (2006). Aggregate production functions and growth economics. International Review of Applied Economics, 20(3), July, 301-317.

Rigorous approaches to aggregation indicate that aggregate production functions do not exist except in unlikely special cases. This paper considers the awkward implications for growth economics. It provides a conventional defence of growth theory in terms of "parables" and then considers how empirical growth research might avoid the need for aggregate production functions.

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