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A modified Cobb-Douglas production function for Hungarian agriculture



A modified Cobb-Douglas production function for Hungarian agriculture



Gazdalkodas 26(12): 36-40



This study deviates from the classic production function by not insisting on unit substitution elasticity, and by attempting to separate output by volume and technical development. The production elasticity coefficients calculated indicate the contribution of the various production factors to agricultural growth which is well expressed by the modified Cobb-Douglas production function used.

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