The Application of Cobb-Douglas Model in Forecasting Grain Output
Cobb-Douglas production function was proposed and tested by American mathematician, Charles W. Cobb and American Economist, Paul H. Douglas. It introduced the factor of technology based on the general form of production function. Production function is the economic mathematical model that forecasts the industry or mass production in a country or region and analyzes the ways to englarge production. Cobb-Douglas production function not only makes the best use of sample information, but also effectively and systematically reduces some random factors. Therefore, it improves the forecast accuracy and is widely used in economic studies. Using Cobb-Douglas production function, this paper makes an empirial analysis on the grain output in China and estimates Chinas grain output in the next seven years by modelling.
Cobb-Douglas production function Grain output Agricultural economy Output forecast
SUN Yajing MA Minnaa MIAO Xiaoyu
The Statistics Department of ChangChun Taxation College, P.R.China, 130117
国际会议
China Agriculture System Engineering Society 2010(2010年中国农业系统工程学术年会)
威海
英文
189-193
2010-07-29（万方平台首次上网日期，不代表论文的发表时间）