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Engineering Production Functions and the Testing of Quantitative Economic Hypotheses

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  • Marsden, James R
  • Pingry, David E

Abstract

This note addresses two issues concerning the empirical role of engineering production functions: (1) the possibility of deriving typical economic production function forms from underlying engineering relationships, and (2) the appropriate role of engineering production formulations for testing quantitative economic hypotheses. It is argued that much of the importance of engineering production analysis lies in its ability to serve as a basis for nonempirical tests of quantitative economic hypotheses concerning measures such as marginal products and elasticities. Copyright 1986 by The Review of Economic Studies Limited.

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  • Marsden, James R & Pingry, David E, 1986. "Engineering Production Functions and the Testing of Quantitative Economic Hypotheses," Economica, London School of Economics and Political Science, vol. 53(212), pages 533-534, November.
    • Handle: RePEc:bla:econom:v:53:y:1986:i:212:p:533-34
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    Cited by:

    1. Godard, C. & Roger-Estrade, J. & Jayet, P.A. & Brisson, N. & Le Bas, C., 2008. "Use of available information at a European level to construct crop nitrogen response curves for the regions of the EU," Agricultural Systems, Elsevier, vol. 97(1-2), pages 68-82, April.
    2. Bjørnstad, Even, 2005. "An engineering economics approach to the estimation of forest fuel supply in North-Trøndelag county, Norway," Journal of Forest Economics, Elsevier, vol. 10(4), pages 161-188, February.
    3. Emili GRIFELL-TATJÉ & Kristiaan KERSTENS, 2008. "Incentive Regulation And The Role Of Convexity In Benchmarking Electricity Distribution: Economists Versus Engineers," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 79(2), pages 227-248, June.
    4. Iansiti, Marco, 1997. "From technological potential to product performance: an empirical analysis," Research Policy, Elsevier, vol. 26(3), pages 345-365, October.

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