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January 1964 - Volume 32 Issue 1 Page 183 - 188


p.183


Some Properties of Alternative Estimates of the Cobb-Douglas Production Function

J. Kmenta

Abstract

The purpose of this note is to demonstrate the equivalence of indirect least squares and Hoch's generalized method of estimating the production function parameters. It is further shown that these estimates are, under appropriate assumptions, maximum likelihood estimates, and their asymptotic properties are noted.

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