ZASTOSOWANIE FUNKCJI COBBA-DOUGLASA DO ANALIZY PROCESÓW PRODUKCYJNYCH W POLSKICH PRZEDSIĘBIORSTWACH
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Date
2002
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Wydział Prawa i Administracji UAM
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IMPLEMENTATION OF COBB-DOUGLAS FUNCTION FOR PRODUCTION PROCESS ANALYSES IN POLISH COMPANIES
Abstract
The article is an attempt at implementing the classic tool of Cobb-Douglas function for the
analysis of the influence of two basic production factors on the production size in the selected
Polish industries. The statistical verification of the function adaptation has been preceded in the
article by verifying the adaptation of the linear function. The major advance on the classic approach
is that the explanatory variables have been redefined. The calculation has been based upon
the quarterly financial results of companies between 1994 and 1999 from the following industries:
shoes, paper and cardboard, pumps and compressors, general building industry, and civil engineering.
The source of the data was the „Industry Analysis” drawn up by the Polish Bank of Export
Development.
The goal of the research was to verify the cognitive value and redefine the variables functioning
within the production analysis function as well as to verify the usefulness of the Cobb-Douglas
function for analysing the relation between the size of the outlays of production factors and
the production size in the selected industries.
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Ruch Prawniczy, Ekonomiczny i Socjologiczny 64, 2002, z. 1, s. 167-185.