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Uncovering the Link Between the Theoretical and Probabilistic Models of the Global Production Function: A Copula Approach

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Main Authors:	Armando, Sánchez-Vargas, José Manuel, Márquez-Estrada, Eric, Hernández-Ramírez
Format:	Book
Language:	English
Published:	Springer 2023
Subjects:	global production function context of a technology choice problem
Online Access:	https://link.springer.com/article/10.1007/s40953-023-00342-1 https://dlib.phenikaa-uni.edu.vn/handle/PNK/7818
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spelling	oai:localhost:PNK-78182023-04-12T04:20:21Z Uncovering the Link Between the Theoretical and Probabilistic Models of the Global Production Function: A Copula Approach Armando, Sánchez-Vargas José Manuel, Márquez-Estrada Eric, Hernández-Ramírez global production function context of a technology choice problem CC BY We provide micro foundations for the global production function (GPF) based on the standard microeconomic model, and we develop a parallel probabilistic model with similar properties. The theoretical and probabilistic models of the GPF are integrated in the context of a technology choice problem. We construct a primitive, named the augmented transformation function, to obtain a GPF and its associated joint distribution that includes the output and labor-saving and capital-saving technological innovations. This type of primitive allows us not only to derive the theoretical GPF but also to consistently build a link between the substitutability microparameters (elasticities) and the probabilistic parameters (correlations). 2023-04-12T04:20:21Z 2023-04-12T04:20:21Z 2023 Book https://link.springer.com/article/10.1007/s40953-023-00342-1 https://dlib.phenikaa-uni.edu.vn/handle/PNK/7818 en application/pdf Springer
institution	Digital Phenikaa
collection	Digital Phenikaa
language	English
topic	global production function context of a technology choice problem
spellingShingle	global production function context of a technology choice problem Armando, Sánchez-Vargas José Manuel, Márquez-Estrada Eric, Hernández-Ramírez Uncovering the Link Between the Theoretical and Probabilistic Models of the Global Production Function: A Copula Approach
description	CC BY
format	Book
author	Armando, Sánchez-Vargas José Manuel, Márquez-Estrada Eric, Hernández-Ramírez
author_facet	Armando, Sánchez-Vargas José Manuel, Márquez-Estrada Eric, Hernández-Ramírez
author_sort	Armando, Sánchez-Vargas
title	Uncovering the Link Between the Theoretical and Probabilistic Models of the Global Production Function: A Copula Approach
title_short	Uncovering the Link Between the Theoretical and Probabilistic Models of the Global Production Function: A Copula Approach
title_full	Uncovering the Link Between the Theoretical and Probabilistic Models of the Global Production Function: A Copula Approach
title_fullStr	Uncovering the Link Between the Theoretical and Probabilistic Models of the Global Production Function: A Copula Approach
title_full_unstemmed	Uncovering the Link Between the Theoretical and Probabilistic Models of the Global Production Function: A Copula Approach
title_sort	uncovering the link between the theoretical and probabilistic models of the global production function: a copula approach
publisher	Springer
publishDate	2023
url	https://link.springer.com/article/10.1007/s40953-023-00342-1 https://dlib.phenikaa-uni.edu.vn/handle/PNK/7818
_version_	1762999678586060800
score	8.8894005

Uncovering the Link Between the Theoretical and Probabilistic Models of the Global Production Function: A Copula Approach

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