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The Theory of Marginal Productivity Tested by Data for Manufacturing in Victoria, I

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  • Marjorie L. Handsaker
  • Paul H. Douglas

Abstract

I. The method and earlier applications of it, 1.— Scope of the present study, 5.— Differences between Victorian and American industry, 5.— II. The index of production: method and sources, 6; its movements during the period, 18.— III. The index of labor: method and sources, 19; comparison with index of production, 21. IV. The index of capital: method and sources, 21. — V. The equation of production, 24. — VI. Comparison of the computed and actual indexes of production, 25.— Analysis of the divergences of P′ from P, 29.— Comparison of the trends, 32.— Deviations from the trends, 33.

Suggested Citation

  • Marjorie L. Handsaker & Paul H. Douglas, 1937. "The Theory of Marginal Productivity Tested by Data for Manufacturing in Victoria, I," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 52(1), pages 1-36.
    • Handle: RePEc:oup:qjecon:v:52:y:1937:i:1:p:1-36.
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    Cited by:

    1. Lu Yan, 2015. "An Analysis for Cobb-Douglas Production Function, the Capability Proxies, Net Society Value and Technology Indicator," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 4(2), pages 105-126, June.
    2. Solji Nam & Jungwoo Shin & Jaena Ryu & Hanee Ryu, 2021. "Climate impacts on geographical changes in the energy industry," Business Strategy and the Environment, Wiley Blackwell, vol. 30(1), pages 478-488, January.
    3. Fang, Yiping, 2011. "Economic welfare impacts from renewable energy consumption: The China experience," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(9), pages 5120-5128.
    4. Jesus Felipe & John S.L. McCombie, 2013. "The Aggregate Production Function and the Measurement of Technical Change," Books, Edward Elgar Publishing, number 1975.

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