The Tyranny of the Identity: Growth Accounting Revisited

References

• Barro , R. 1999 . Notes on growth accounting . Journal of Economic Growth , 64 (2) : 119 – 137 .
   Web of Science ®Google Scholar
• Blaug , M. 1974 . The Cambridge Revolution. Success or Failure? A Critical Analysis of Cambridge Theories of Value and Distribution , Eastbourne : Institute of Economic Affairs .
   Google Scholar
• Cobb , C. W. and Douglas , P. H. 1928 . A theory of production . American Economic Review , 18 March : 139 – 165 . supplement
   Google Scholar
• Cohen , A. and Harcourt , G. C. 2003 . Retrospectives: whatever happened to the capital controversies? . Journal of Economic Perspectives , 17 (1) : 199 – 214 .
   Web of Science ®Google Scholar
• Douglas , P. 1976 . The Cobb–Douglas production function once again: its history, its testing, and some empirical values . Journal of Political Economy , 84 (5) : 903 – 915 .
   Web of Science ®Google Scholar
• Felipe , J. and Adams , F. G. 2005 . ‘A theory of production’. The estimation of the Cobb‐Douglas Function: a retrospective view . Eastern Economic Journal , 31 (3) : 427 – 445 .
   Google Scholar
• Felipe , J. and Fisher , F. M. 2003 . Aggregation in production functions: what applied economists should know . Metroeconomica , 54 (2–3) : 208 – 262 .
   Google Scholar
• Felipe , J. and Holz , C. 2001 . Why do aggregate production functions work? Fisher’s simulations, Shaikh’s identity, and some new results . International Review of Applied Economics , 15 (3) : 261 – 285 .
   Google Scholar
• Felipe , J. and McCombie , J. S. L. 2003 . Some methodological problems with the neoclassical analysis of the East Asian miracle . Cambridge Journal of Economics , 54 (5) : 695 – 721 .
   Web of Science ®Google Scholar
• Felipe , J. and McCombie , J. S. L. 2005 . How sound are the foundations of the aggregate production function? . Eastern Economic Journal , 31 (3) : 467 – 488 .
   Google Scholar
• Felipe , J. and McCombie , J. S. L. 2007 . On the rental price of capital and the profit rate: the perils and pitfalls of total factor productivity growth . Review of Political Economy , forthcoming
   Google Scholar
• Felipe , J. and McCombie , J. S. L. 2006 . Is a theory of total factor productivity really needed? . Metroeconomica , forthcoming
   Google Scholar
• Fisher , F. M. 1971a . The existence of aggregate production functions: reply . Econometrica , 39 (2) : 405
   Web of Science ®Google Scholar
• Fisher , F.M. 1971b . Aggregate production functions and the explanation of wages: a simulation experiment . Review of Economics and Statistics , 53 (4) : 305 – 325 .
   Web of Science ®Google Scholar
• Fisher , F. M. , Solow , R. and Kearl , J. M. 1977 . Aggregate production functions: some CES experiments . Review of Economic Studies , 44 (2) : 305 – 320 .
   Web of Science ®Google Scholar
• Foster , L. , Haltiwanger , J. and Syverson , C. 2005 . Reallocation, firm turnover, and efficiency: selection on productivity or profitability? NBER Working Paper 11555
   Google Scholar
• Friedman , M. 1953 . “ The methodology of positive economics ” . In Essays in Positive Economics , Edited by: Friedman , M. Chicago : Chicago University Press .
   Google Scholar
• Hahn , F. 1972 . The Share of Wages in the National Income: An Enquiry into Distribution Theory , London : Weidenfeld and Nicholson .
   Google Scholar
• Hart , P. E. 1996 . Accounting for the economic growth of firms in the UK manufacturing since 1973 . Cambridge Journal of Economics , 20 (2) : 225 – 242 .
   Web of Science ®Google Scholar
• Hsieh , C‐T. 1999 . Productivity growth and factor prices in East Asia . American Economic Review , 89 (2) : 133 – 138 .
   Web of Science ®Google Scholar
• Hsieh , C‐T. 2002 . What explains the industrial revolution in East Asia? Evidence from factor markets . American Economic Review , 92 (3) : 502 – 526 .
   Web of Science ®Google Scholar
• Hulten , C. R. 2000 . “ Total factor productivity: a short biography ” . In New Developments in Productivity Analysis, NBER Studies in Income and Wealth , Edited by: Hulten , C. R. , Dean , E. R. and Harper , M. J. Vol. 63 , 1 – 47 . Chicago : University of Chicago Press .
   Google Scholar
• Jorgenson , D. W. 1963 . Capital theory and investment behaviour . Economic Review Papers and Proceedings , 53 (2) : 247 – 259 .
   Web of Science ®Google Scholar
• Jorgenson , D. W. and Griliches , Z. 1967 . The explanation of productivity change . Review of Economic Studies , 34 (3) : 249 – 283 .
   Web of Science ®Google Scholar
• McCombie , J. S. L. 1998a . “ Rhetoric, paradigms and the relevance of the aggregate production function ” . In Method, Theory and Policy in Keynes. Essays in Honour of Paul Davidson , Edited by: Arestis , P. Vol. 3 , Cheltenham : Edward Elgar .
   Google Scholar
• McCombie , J. S. L. 1998b . Are there laws of production? An assessment of the early criticisms of the Cobb–Douglas production function . Review of Political Economy , 10 (2) : 141 – 173 .
   Google Scholar
• McCombie , J. S. L. 2001 . What does the aggregate production function show? Further thoughts on Solow’s ‘second thoughts on growth theory’ . Journal of Post Keynesian Economics , 23 (4) : 589 – 615 .
   Web of Science ®Google Scholar
• Phelps Brown , E. H. 1957 . The meaning of the fitted Cobb–Douglas function . Quarterly Journal of Economics , 71 (4) : 546 – 560 .
   Web of Science ®Google Scholar
• Prescott , E. 1998 . Needed: a theory of total factor productivity . International Economic Review , 39 (3) : 525 – 551 .
   Web of Science ®Google Scholar
• Reder , M. W. 1943 . An alternative interpretation of the Cobb–Douglas function . Econometrica , 11 (3/4) : 259 – 264 .
   Google Scholar
• Shaikh , A. 1980 . “ Laws of production and laws of algebra: Humbug II ” . In Growth, Profits and Property, Essays in the Revival of Political Economy , Edited by: Nell , E. J. 80 – 95 . Cambridge : Cambridge University Press .
   Google Scholar
• Simon , H. A. 1979 . On parsimonious explanation of production relations . Scandinavian Journal of Economics , 81 (4) : 459 – 474 .
   Web of Science ®Google Scholar
• Solow , R. M. 1966 . Review of Capital and Growth by J. R. Hicks . American Economic Review , 56 (5) : 1257 – 1260 .
   Web of Science ®Google Scholar
• Sylos‐Labini , P. 1995 . Why the interpretation of the Cobb–Douglas production function must be radically changed . Structural Change and Economic Dynamics , 6 (4) : 485 – 504 .
   Google Scholar