A Contribution to the Empirics of Total Factor Productivity’s Theory Based on a CES Production Function-Case of Moroccan Economy
Journal Title: Journal of Economics, Finance and Management Studies - Year 2022, Vol 5, Issue 12
Abstract
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.
Authors and Affiliations
Ahmed Oulad El Fakir
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