Year 2018, Volume 7, Issue 1, Pages 18 - 23 2018-09-01

PREDICTION OF GROSS DOMESTIC PRODUCT (GDP) BY USING GREY COBB-DOUGLAS PRODUCTION FUNCTION

Omer Onalan [1] , Hulya Basegmez [2]

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Purpose- In this paper, we investigate the Grey Cobb-Douglas production model applicable to estimation of economical indicators.

Methodology- In the multi regression model, explanatory variables for estimation of future value of indicatiors is estimated by using Grey Cobb-Douglas model.

Findings- GDP is an indicator for economic growth. We are used the annual data of United State of American economy for 1951 to 2008 and estimated the 2009-2018 years. The sum of the contributions of factors is 1.497 and greater than one, so it shows increasing return to scale.

Conclusion- The percentage of the increase in GDP is greater than that of the increase in capital stock and labor.

Cobb-Douglas production function, economic growth
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Primary Language en
Subjects Humanities, Multidisciplinary
Journal Section Articles
Authors

Orcid: 0000-0001-7768-1666
Author: Omer Onalan (Primary Author)

Orcid: 0000-0003-3996-3616
Author: Hulya Basegmez

Bibtex @research article { pap458332, journal = {PressAcademia Procedia}, issn = {}, eissn = {2459-0762}, address = {PressAcademia}, year = {2018}, volume = {7}, pages = {18 - 23}, doi = {10.17261/Pressacademia.2018.850}, title = {PREDICTION OF GROSS DOMESTIC PRODUCT (GDP) BY USING GREY COBB-DOUGLAS PRODUCTION FUNCTION}, key = {cite}, author = {Onalan, Omer and Basegmez, Hulya} }
APA Onalan, O , Basegmez, H . (2018). PREDICTION OF GROSS DOMESTIC PRODUCT (GDP) BY USING GREY COBB-DOUGLAS PRODUCTION FUNCTION. PressAcademia Procedia, 7 (1), 18-23. DOI: 10.17261/Pressacademia.2018.850
MLA Onalan, O , Basegmez, H . "PREDICTION OF GROSS DOMESTIC PRODUCT (GDP) BY USING GREY COBB-DOUGLAS PRODUCTION FUNCTION". PressAcademia Procedia 7 (2018): 18-23 <http://dergipark.org.tr/pap/issue/39064/458332>
Chicago Onalan, O , Basegmez, H . "PREDICTION OF GROSS DOMESTIC PRODUCT (GDP) BY USING GREY COBB-DOUGLAS PRODUCTION FUNCTION". PressAcademia Procedia 7 (2018): 18-23
RIS TY - JOUR T1 - PREDICTION OF GROSS DOMESTIC PRODUCT (GDP) BY USING GREY COBB-DOUGLAS PRODUCTION FUNCTION AU - Omer Onalan , Hulya Basegmez Y1 - 2018 PY - 2018 N1 - doi: 10.17261/Pressacademia.2018.850 DO - 10.17261/Pressacademia.2018.850 T2 - PressAcademia Procedia JF - Journal JO - JOR SP - 18 EP - 23 VL - 7 IS - 1 SN - -2459-0762 M3 - doi: 10.17261/Pressacademia.2018.850 UR - https://doi.org/10.17261/Pressacademia.2018.850 Y2 - 2019 ER -
EndNote %0 PressAcademia Procedia PREDICTION OF GROSS DOMESTIC PRODUCT (GDP) BY USING GREY COBB-DOUGLAS PRODUCTION FUNCTION %A Omer Onalan , Hulya Basegmez %T PREDICTION OF GROSS DOMESTIC PRODUCT (GDP) BY USING GREY COBB-DOUGLAS PRODUCTION FUNCTION %D 2018 %J PressAcademia Procedia %P -2459-0762 %V 7 %N 1 %R doi: 10.17261/Pressacademia.2018.850 %U 10.17261/Pressacademia.2018.850
ISNAD Onalan, Omer , Basegmez, Hulya . "PREDICTION OF GROSS DOMESTIC PRODUCT (GDP) BY USING GREY COBB-DOUGLAS PRODUCTION FUNCTION". PressAcademia Procedia 7 / 1 (September 2018): 18-23. https://doi.org/10.17261/Pressacademia.2018.850