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Journals / Journal of Business Economics and Finance / 2026 / Volume: 7 Issue: 2

ESTIMATION OF ECONOMIC GROWTH USING GREY COBB-DOUGLAS PRODUCTION FUNCTION: AN APPLICATION FOR US ECONOMY

Omer Onalan0000-0001-7768-1666
Hulya Basegmez0000-0003-3996-3616
Pages
—
Publication Date
2018-07-15
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

In reality, a variate of economic factors often intertwine with each other.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Purpose- In this paper, we apply the Grey Cobb-Douglas production model to predict the GDP, examine the effects of the variation rate of capital, and labor inputs to economic growth.
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Key Findings & Data:Many factors contribute to economic growth, such that technological progress, labor force, capital accumulation, the optimal using of sources, energy, institutional innovation ext.
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Conclusion & Impact:In reality, a variate of economic factors often intertwine with each other.
🔬Design:Modeling & Simulation
📍Scope:Comprehensive Sample
⚙️Variables:Cobb-Douglas production function · economic growth · Grey-prediction model

Abstract

Purpose- In this paper, we apply the Grey Cobb-Douglas production model to predict the GDP, examine the effects of the variation rate of capital, and labor inputs to economic growth. Many factors contribute to economic growth, such that technological progress, labor force, capital accumulation, the optimal using of sources, energy, institutional innovation ext. In reality, a variate of economic factors often intertwine with each other.

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Cite This Article

Onalan, O., Basegmez, H. (2018). ESTIMATION OF ECONOMIC GROWTH USING GREY COBB-DOUGLAS PRODUCTION FUNCTION: AN APPLICATION FOR US ECONOMY. Journal of Business Economics and Finance, Volume: 7 Issue: 2. https://doi.org/10.17261/Pressacademia.2018.840

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