Estimation of a Production Function for Philippine Retail Stores

Estimation of a Production Function for Philippine Retail Stores

The purpose of this paper is the estimation of a production function for retail stores in the Philippines. A generalized Cobb-Douglas production function is utilized for this purpose. Ordinary Least Squares is used in obtaining the coefficients for labor and capital. The results show that the margin...

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Bibliographic Details
Main Author: Patalinghug Jason C.
Format: Article
Language:English
Published: Oikos Institute-Researh Center Bijeljina 2019-06-01
Series:ECONOMICS
Subjects:
production function
retail industry
philippines
d24
l81
Online Access:https://doi.org/10.2478/eoik-2019-0006
id doaj-fb0a2181d26e46f49d36ebc6f1b7eb0e
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spelling doaj-fb0a2181d26e46f49d36ebc6f1b7eb0e2021-09-05T21:00:50ZengOikos Institute-Researh Center BijeljinaECONOMICS2303-50132019-06-0171697910.2478/eoik-2019-0006eoik-2019-0006Estimation of a Production Function for Philippine Retail StoresPatalinghug Jason C.0Department of Economics and Finance, Southern Connecticut State University, USAThe purpose of this paper is the estimation of a production function for retail stores in the Philippines. A generalized Cobb-Douglas production function is utilized for this purpose. Ordinary Least Squares is used in obtaining the coefficients for labor and capital. The results show that the marginal product of labor to be higher than the marginal product of capital and the hypothesis of constant returns to scale is not rejected.https://doi.org/10.2478/eoik-2019-0006production functionretail industryphilippinesd24l81
collection DOAJ
language English
format Article
sources DOAJ
author Patalinghug Jason C.
spellingShingle Patalinghug Jason C.
Estimation of a Production Function for Philippine Retail Stores
ECONOMICS
production function
retail industry
philippines
d24
l81
author_facet Patalinghug Jason C.
author_sort Patalinghug Jason C.
title Estimation of a Production Function for Philippine Retail Stores
title_short Estimation of a Production Function for Philippine Retail Stores
title_full Estimation of a Production Function for Philippine Retail Stores
title_fullStr Estimation of a Production Function for Philippine Retail Stores
title_full_unstemmed Estimation of a Production Function for Philippine Retail Stores
title_sort estimation of a production function for philippine retail stores
publisher Oikos Institute-Researh Center Bijeljina
series ECONOMICS
issn 2303-5013
publishDate 2019-06-01
description The purpose of this paper is the estimation of a production function for retail stores in the Philippines. A generalized Cobb-Douglas production function is utilized for this purpose. Ordinary Least Squares is used in obtaining the coefficients for labor and capital. The results show that the marginal product of labor to be higher than the marginal product of capital and the hypothesis of constant returns to scale is not rejected.
topic production function
retail industry
philippines
d24
l81
url https://doi.org/10.2478/eoik-2019-0006
work_keys_str_mv AT patalinghugjasonc estimationofaproductionfunctionforphilippineretailstores
_version_ 1717782226356142080

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