Applied Economics Journal

Applied Economics Journal

ISSN 0858-9291

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  • AEJ highlights the applications of concepts and theories to issues in micro- and macroeconomics
  • Double-blind peer review
  • Two issues a year (Jun, Dec)
  • Open access to all full-text content

Vol. 21 No. 2
Vol. 21 No. 2
Book Review: The Aggregate Production Function and the Measurement of Technical Change: ‘Not Even Wrong’

Wolfgang Eichert

Although commonly used in economic research, the concept of the aggregate production function is extremely problematic. First, it lacks sound theoretical foundations, and second, its use in applied work faces the insurmountable problem that the output and input data used are linked through an accounting identity. This book discusses these flaws using examples from well-known applications in the literature.


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Faculty of Economics Kasetsart University :  Center for Applied Economic Research (CAER) :  Other Journals :  Thai-Journal Citation Index Centre (TCI) (TCI)

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