Real money balances in production function a translog profit function approach
Real money balances in production function a translog profit function approach
This thesis examines the role of real money balances in production function as a factor. A transcendental logarithmic (translog) profit function is estimated with share equations for disaggregated 2 digit Canadian manufacturing industries which are clothing, food, furniture, and wood industries using Zellner’s seemingly unrelated algorithm in the TSP computer programme. Both long-run and short-run profit maximizing elasticities are computed. Based upon the results of price elasticities, we have evidence for a significant role o f real money balances in production function as a factor both in long-run and short-run. Another interesting result that emerges from our study is the significance of the potential supply side effects of changes in the interest rate on both labor demand and supply o f output.
Includes bibliographical references leaves 56-59.
Cataloged from PDF version of article.
İlerisoy, Mahmut
- Bilkent University Turkey
Translog profit function, Duality, Economics, Money, HB241 .I44 1998, Production (Economic theory)., Money supply, Production (Economic theory), Canadian Manufacturing Sector, translog profit function, 339, production function, Production functions (Economic theory)., Profit, Profit., Production functions, Production functions (Economic theory), Money., Ekonomi, Real money balances
Translog profit function, Duality, Economics, Money, HB241 .I44 1998, Production (Economic theory)., Money supply, Production (Economic theory), Canadian Manufacturing Sector, translog profit function, 339, production function, Production functions (Economic theory)., Profit, Profit., Production functions, Production functions (Economic theory), Money., Ekonomi, Real money balances
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