Cobb-Douglas

我的想法

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Usually we use this equation to express:

$$Y=A{L}^{\alpha }{K}^{\beta }$$

And we say

$$\alpha +\beta =1$$

$A$ is the Total Factor Productivity

Reference

• https://zh.wikipedia.org/zh-cn/%E6%9F%AF%E5%B8%83-%E9%81%93%E6%A0%BC%E6%8B%89%E6%96%AF%E7%94%9F%E4%BA%A7%E5%87%BD%E6%95%B0