Econometrica: Jan 1964, Volume 32, Issue 1

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

https://doi.org/0012-9682(196401/04)32:1/2<183:SPOAEO>2.0.CO;2-R
p. 183-188

J. Kmenta

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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