4.4 Production Functions in I/O Modeling
Year: 2025
Type: article
Abstract: This lesson reviews several common production functions, including Cobb-Douglas, linear, and the Leontief production function. It highlights that traditional input-output analysis is based on the Leontief model, which assumes fixed proportions and no substitutability between inputs. Please note that for this chapter slide 7 in the slides and 04’05’’ to the end of the video are exempt from this courses CC-BY 4.0 License.
Authors: Weber, Jan, Löffler-Patterson, Caspar
Language: English
Topic: Economic Theory and Policy
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W7103135221
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