La función de producción Cobb Douglas y su aplicación en la economí­a boliviana

The purpose of this study is to apply the production function for the Bolivian economy by determining the relationship between production variations as a consequence of changes in capital and labor factors of production. To do this, the production function of Cobb Douglas is applied. The economic an...

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Detalles Bibliográficos
Autor Principal: Ayaviri Nina, Victor Dante (author)
Outros autores: Gonzales Feraudi, Pedro (author)
Formato: article
Publicado: 2018
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Acceso en liña:https://doi.org/10.33890/innova.v3.n4.2018.495
https://repositorio.uide.edu.ec/handle/37000/3328
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Summary:The purpose of this study is to apply the production function for the Bolivian economy by determining the relationship between production variations as a consequence of changes in capital and labor factors of production. To do this, the production function of Cobb Douglas is applied. The economic analysis allows to determine the relations of the gross formation of fixed capital and the occupied population that contemplates a series of time of the period 1985-2015; On the other hand, specialized literature and research on the subject have been used. The results of the research determine a direct and significant relationship between production, capital and labor. Consequently, the production function proposed is a method that allows determining the contribution of each of the factors of production to the process of growth and economic behavior of Bolivia.