{"product_id":"an-inter-industry-translog-model-of-prices-and-technical-change-for-the-west-german-economy-von-s-nakamura","title":"An Inter-Industry Translog Model of Prices and Technical Change for the West German Economy","description":"\u003cp\u003eThis book presents the results of a research project which has been carried out in the Special Research Unit (Sonderforschungs­ bereich) 21 at Bonn University. It is a part of the current research on disaggregated econometric forecasting models with a fully integrated input-output system with variable input co­ efficients where prices are explained as dual variables of the underlying production model. A similar approach has already been used by Knut KUbler \"Ein disaggregiertes Prognosesystem fUr die Bundesrepublik, die Unternehmenssektoren\", Meisenheim am Glan, 1977. But KUbler assumed Cobb-Douglas production functions. Mean­ while a new approach has been suggested by Jorgenson and others, using more flexible forms of functions, e. g. the translog function as an approximation to any reasonable neo-classical production function, see Hudson and Jorgenson \"US Energy Policy and Economic Growth, 1975 - 2000\", Bell Journal of Economics and Management SCience, Vol. 5 (1974), page 461 ff. ~ Jorgenson and Fraumeni, \"Substitution and Technical Change in Production\", Discussion paper No. 752, Harvard Institute of Economic Research, Harvard University, Cambridge\/Mass. (1 980) ~ Friede, \"Investigation of Producer Behavior in the FRG using the Translog Price Function\", Cambrigde\/Mass. (1980). Krelle and Pallaschke \"A General Demand System\", Zeitschrift fUr Nationalokonomie 41 (1981), page 223 ff. suggested another approximation using a Taylor expansion of any reasonable demand system. Nakamura follows the lines of Jorgenson and his collaborators but extends them into new areas and reaches much better results.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783540127093\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783540127093","offer_id":39435998593117,"sku":"9783540127093","price":53.49,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/fb2805b1-2cc5-4a97-b8d4-4265507ac4df.jpg?v=1773381674","url":"https:\/\/shop.autorenwelt.de\/products\/an-inter-industry-translog-model-of-prices-and-technical-change-for-the-west-german-economy-von-s-nakamura","provider":"Autorenwelt Shop","version":"1.0","type":"link"}