Estimarea funcției de producție Cobb-Douglas pe bază informațiilor statistice ale Republica Moldova

Abstract

This research aims to estimate the Cobb-Douglas production function in the context of the economy of the Republic of Moldova. The objective of the research is to determine and quantify the classical production factors within the national economy – capital and labor. The relevance of this model and the interpretation of its results are identified. The Cobb-Douglas production function is estimated using the Least Squares Method based on annual information for the period 1995-2023. The indicators used were recalculated in constant prices of 2000. The results obtained demonstrate the positive influence of capital and labor on the level of production. The conclusions of the research demonstrate the adaptability of the Cobb–Douglas model in explaining economic processes at the country level. CZU: 330.43:330.342(478); JEL: E1, C4