Kindly request your assistance please with regards to the following assignment.
Assignment Research Paper on topic "Estimating Total Factor Production" due date is on Thursday 24th, August.
Please refer to the attached paper on the measurement of the Output Gap. It is in the derivation of the Cobb-Douglas production function where you can find the discussion and mechanics of obtaining the Total Factor Productivity.
The Research Paper attached needs to be updated not only for data and analysis but also include newer work done on the topic with references clearly stated.
Therefore please kindly prepare a write up of at least 4 to 5 pages or 1500 words, similar format to the attached paper but more concise and shortened.
Please feel free to contact me for further clarifications/suggestions.
The response addressed the query is posted in 1071 words with APA References
// In the following paragraphs, there will be discussion over impact of output gap on the inflation rate in Philippines in order to estimate total factor production. There will be also discussion over the descriptive analysis of the output gap and the inflation rate with the consideration of data starting from 2008 and ending to 2015//
Estimating Total Factor Production
The relationship between the output gap and inflation is adverse in Philippines on the basis of research work. Now there is a need to establish statically link between the output gap and inflation to understand the impact of output gap on the productivity of the country. The Cobb-Douglas production function explains the relationship between the output gap and the inflation with the consideration of impact of Total Factor Productivity on the gross domestic product. The considered data after financial recession starting from 2008 and ending to 2015 provides raw information to estimate the total factor production in order to measure the impact of output gap on the inflation within the country.
(See the attched file)
The descriptive analysis of data of the output and inflation rate ...
The expert estimates the total factor production. The response addressed the query is posted in 1071 words with APA References.