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Original Articles

The CES Production Function, the accounting identity, and Occam's razor

Pages 1221-1232 | Published online: 05 Oct 2010

Keep up to date with the latest research on this topic with citation updates for this article.

Read on this site (11)

Jesus Felipe & John McCombie. (2020) The illusions of calculating total factor productivity and testing growth models: from Cobb-Douglas to Solow and Romer. Journal of Post Keynesian Economics 43:3, pages 470-513.
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Jesus Felipe & John McCombie. (2011) On Herbert Simon's criticisms of the Cobb-Douglas and the CES production functions. Journal of Post Keynesian Economics 34:2, pages 275-294.
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Jesus Felipe & J.S.L. McCombie. (2010) What is wrong with aggregate production functions. On Temple’s ‘aggregate production functions and growth economics’. International Review of Applied Economics 24:6, pages 665-684.
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Carmen López-Pueyo & Jaime J. Sanaú. (2010) How different are the production functions of the European manufacturing sectors? New empirical evidence. Applied Economics 42:28, pages 3597-3605.
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Werner Hölzl. (2010) Was there a Marxian bias in Austrian manufacturing? Evidence on the direction of technical change, 1978–1994. International Review of Applied Economics 24:1, pages 35-56.
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Jesus Felipe & J.S.L. McCombie. (2009) Are estimates of labour demand functions mere statistical artefacts?. International Review of Applied Economics 23:2, pages 147-168.
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Jesus Felipe & J. S. L. Mccombie. (2007) On the Rental Price of Capital and the Profit Rate: The Perils and Pitfalls of Total Factor Productivity Growth. Review of Political Economy 19:3, pages 317-345.
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Jesus Felipe & J.S.L. McCombie. (2004) To measure or not to measure TFP growth? A reply to Mahadevan. Oxford Development Studies 32:2, pages 321-327.
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Jesus Felipe & CarstenA. Holz. (2001) Why do Aggregate Production Functions Work? Fisher’s simulations, Shaikh’s identity and some new results. International Review of Applied Economics 15:3, pages 261-285.
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Articles from other publishers (23)

Francisco Javier Sánchez-Vidal. (2023) A Cautionary Note on the Use of Accounting Semi-Identity-Based Models. Journal of Risk and Financial Management 16:9, pages 389.
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Michael Murach, Helmut Wagner, Jungsuk Kim & Donghyun Park. (2022) Trajectories to high income: Comparing the growth dynamics in China, South Korea, and Japan with cointegrated VAR models. Structural Change and Economic Dynamics 62, pages 492-511.
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Emmanuel Aramendia, Paul E. Brockway, Massimo Pizzol & Matthew K. Heun. (2021) Moving from final to useful stage in energy-economy analysis: A critical assessment. Applied Energy 283, pages 116194.
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Eric Kemp-Benedict, Crystal Drakes & Timothy Laing. (2018) Export-Led Growth, Global Integration, and the External Balance of Small Island Developing States. Economies 6:2, pages 35.
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Jesus Felipe & Franklin M. Fisher. 2018. The New Palgrave Dictionary of Economics. The New Palgrave Dictionary of Economics 144 152 .
Marta R. M. Spreafico. 2018. Alternative Approaches in Macroeconomics. Alternative Approaches in Macroeconomics 155 181 .
Marc Lavoie. 2018. Alternative Approaches in Macroeconomics. Alternative Approaches in Macroeconomics 303 330 .
Paul Brockway, Matthew Heun, João Santos & John Barrett. (2017) Energy-Extended CES Aggregate Production: Current Aspects of Their Specification and Econometric Estimation. Energies 10:2, pages 202.
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Andrew Martin Fischer. (2023) Redistribution as social justice for decarbonising the global economy. The Economic and Labour Relations Review 25:4, pages 574-586.
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Dennis O. Kundisch, Neeraj Mittal & Barrie R. Nault. (2014) Research Commentary —Using Income Accounting as the Theoretical Basis for Measuring IT Productivity . Information Systems Research 25:3, pages 449-467.
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Andrew M Fischer. (2011) Beware the Fallacy of Productivity Reductionism. The European Journal of Development Research 23:4, pages 521-526.
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Tobias Kronenberg. (2010) Finding common ground between ecological economics and post-Keynesian economics. Ecological Economics 69:7, pages 1488-1494.
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AVI J. COHEN. (2010) CAPITAL CONTROVERSY FROM BÖHM-BAWERK TO BLISS: BADLY POSED OR VERY DEEP QUESTIONS? OR WHAT “WE” CAN LEARN FROM CAPITAL CONTROVERSY EVEN IF YOU DON'T CARE WHO WON. Journal of the History of Economic Thought 32:1, pages 1-21.
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Enrique Palazuelos & Rafael Fernández. (2009) Demand, employment, and labour productivity in the European economies. Structural Change and Economic Dynamics 20:1, pages 1-15.
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Lefteris TsoulfidisLefteris Tsoulfidis. 2009. Competing Schools of Economic Thought. Competing Schools of Economic Thought 187 212 .
Jesus Felipe & John McCombie. (2008) Why the data tell us nothing about the importance of increasing returns to scale and externalities to capital. Economia e Sociedade 17:spe, pages 655-675.
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Jesus Felipe & Franklin M. Fisher. 2016. The New Palgrave Dictionary of Economics. The New Palgrave Dictionary of Economics 1 9 .
Luigi L PasinettiFranklin M FisherJesus FelipeJ. S. L McCombieRobert L GreenfieldWilliam H KaempferAnton D Lowenberg. (2003) Comments. Journal of Economic Perspectives 17:4, pages 227-235.
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Jesus Felipe & Franklin M. Fisher. (2003) Aggregation in Production Functions: What Applied Economists should Know. Metroeconomica 54:2-3, pages 208-262.
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Bert M. Balk. (2022) Why Is the Cobb-Douglas Production Function so Popular?. SSRN Electronic Journal.
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Javier Sánchez Vidal. (2018) Investment-Cash Flow Sensitivities Are Very Probably Not Valid Measures of Financing Constraints: on the Accounting Partial Identities Problem. SSRN Electronic Journal.
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Jesus Felipe & John S. L. McCombie. (2012) Problems with Regional Production Functions and Estimates of Agglomeration Economies: A Caveat Emptor for Regional Scientists. SSRN Electronic Journal.
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Javier Sánchez Vidal. (2011) The Problem of Estimating Causal Relations Using Models Involving Accounting Semi-Identities. SSRN Electronic Journal.
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