Citation
Chew, T. A.
(1984)
Measuring the rate of technological change in Chinese rubber smallholdings - a micro-economic approach.
Journal of the Rubber Research Institute of Malaysia, 32 (3).
pp. 191-197.
ISSN 0035-953X
Abstract
Technological progress is commonly measured via aggregate production functions. In this paper, technological progress is estimated from a micro-economic viewpoint. A Cobb-Douglas production function was fitted to two sets of + cross-sectional data collected at different points in time. From the estimates obtained, we derived that the rate of technological progress in rubber smallholdings is the capital-augmenting type at about 1.2% per year.
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