Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: Oct, 1955, Volume 23, Issue 4

Production Functions and British Coal Mining<442:PFABCM>2.0.CO;2-P
p. 442-446

C. E. V. Leser

The method used here represents an attempt to eliminate the influence of unspecified factors on the dependent variate in multiple regression analysis. It is applied in constructing a production function for British coal mining over the period 1943-53 and in estimating the elasticities of output with regardto labour and to horsepower, the latter indicating mechanisation. The statistical and economic significance of the results is examined.

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