The Measurement of the National Production Function: Theoretical Framework
FEA Working Paper No. 2009-20
5 Pages Posted: 27 Mar 2009 Last revised: 5 Jan 2010
Date Written: March 27, 2009
This paper proposes an alternative graphical and mathematical modeling approach to find the national production function (NP-Function) of any country based on the uses of Econographicology. The NP-Function is willing to measure the final national output under the construction of four sub-production functions, each sub-production function is originated from the agriculture, industry, manufacturing and services outputs. The modeling of the NP-Function requests the application of the economic modeling in real time in the same graphical space. The main objective to build the national production function is to analyze and visualize the total national output from a multidimensional perspective.
Keywords: Econographicology, Macroeconomic Policy Modeling, Production Function, Multi-dimensional graphs, Cartesian Spaces.
JEL Classification: E60
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