Production functions and distributions of unit factor productivities: Uncovering the link |
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| Authors: | Jakub Growiec |
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| Institution: | aWarsaw School of Economics, Institute of Econometrics, Poland |
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| Abstract: | We derive a reversible “endogenous technology choice transform,” according to which firm-level production functions and distributions of unit factor productivities are two sides of the same coin. The Cobb–Douglas function relates to Pareto distributions, and the CES to Weibull distributions. |
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| Keywords: | Production function Distribution Unit factor productivity Technology frontier |
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