Economic Analysis: Theory and Practice

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Economic Analysis: Theory and Practice

47(302) - 2012 December

Production functions: history, characteristics, challenges and opportunities in regional researches

Vol. 11, Iss. 47, DECEMBER 2012

Available online: 21 December 2012

Subject Heading: METHODS OF ANALYSIS

JEL Classification:

Baranov S.V. PhD of Physical and Mathematical Sciences, Associate Professor, Senior Researcher, the Institute of Economic Problems named after G.P. Luzin, the Kola Science Centre of the Russian Academy of Sciences
bars.vl@gmail.com

In the article the history of development of production functions is considered. Their properties and fundamental statements are given. Some features of training in economy are discussed. The opportunities and problems of application of production functions to research of regional processes are analyzed. Author's modification of production function of Kobba - Douglas, allow to lift the main limits of use in regional researches is given.

Keywords: production functions, regional economics, model.

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ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

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