Publications

8 publications found, searching for 'John McCombie '

• Working Paper No. 1046
  March 07, 2024

  The Aggregate Production Function and Solow’s “Three Denials”

  Jesus Felipe and John McCombie
  Abstract

  This paper offers a retrospective view of the key pillar of Solow’s neoclassical growth model, namely the aggregate production function. We review how this tool came to life and how…more

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• Working Paper No. 1036
  January 05, 2024

  The Estimation of Production Functions with Monetary Values

  Jesus Felipe, John McCombie, and Aashish Mehta
  Abstract

  For decades, the literature on the estimation of production functions has focused on the elimination of endogeneity biases through different estimation procedures to obtain the correct factor elasticities and other…more

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• Working Paper No. 1029
  September 07, 2023

  Is Anything Left of the Debate about the Sources of Growth in East Asia Thirty Years Later?

  Jesus Felipe and John McCombie
  Abstract

  The year 2023 commemorates the 30th anniversary of the publication of the influential, yet controversial, study The East Asian Miracle report by the World Bank (1993). An important part of…more

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• Working Paper No. 994
  October 26, 2021

  Production Function Estimation

  Jesus Felipe, Donna Faye Bajaro, John McCombie, and Aashish Mehta
  Abstract

  The possible endogeneity of labor and capital in production functions, and the consequent bias of the estimated elasticities, has been discussed and addressed in the literature in different ways since…more

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• Working Paper No. 946
  February 03, 2020

  The Relationship between Technical Progress and Employment

  Jesus Felipe, Gemma Estrada, Donna Faye Bajaro, and John McCombie
  Abstract

  We show that Autor and Salomons’ (2017, 2018) analysis of the impact of technical progress on employment growth is problematic. When they use labor productivity growth as a proxy for…more

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• Working Paper No. 725
  May 17, 2012

  Problems with Regional Production Functions and Estimates of Agglomeration Economies

  Jesus Felipe and John McCombie
  Abstract

  Over the last 20 years or so, mainstream economists have become more interested in spatial economics and have introduced largely neoclassical economic concepts and tools to explain phenomena that were…more

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• Working Paper No. 718
  May 04, 2012

  Aggregate Production Functions and the Accounting Identity Critique

  Jesus Felipe and John McCombie
  Abstract

  In a reply to Felipe and McCombie (2010a), Temple (2010) has largely ignored the main arguments that underlie the accounting identity critique of the estimation of production functions using value…more

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• Working Paper No. 643
  December 07, 2010

  Modeling Technological Progress and Investment in China

  Jesus Felipe and John McCombie
  Abstract

  Since the early 1990s, the number of papers estimating econometric models and using other quantitative techniques to try to understand different aspects of the Chinese economy has mushroomed. A common…more

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