An educational production function is developed from the earlier models of Bloom, Hanushek, and Allison. Using two-stage least squares regression, the statistical analysis attempts to sort out the ...

The Review of Economics and Statistics is an 84-year old general journal of applied (especially quantitative) economics. Edited at Harvard University's Kennedy School of Government, The Review has ...

In economics, production is the act of creating output, a good or service which has value and contributes to the utility of individuals. The act may or may not include factors of production other than ...