We introduce a new type of production function, called approximate Cobb-Douglas function, by a perturbation of Euler's partial differential equation characterizing homogeneous function. We show that ...

Discover what exponential growth is, learn how it differs from other growth types, and explore real-life examples like compounding interest and population growth.

The Review of Economics and Statistics is an 84-year old general journal of applied (especially quantitative) economics. Edited at Harvard University's Kennedy School of Government, The Review has ...

Excel has over 475 formulas in its Functions Library, from simple mathematics to very complex statistical, logical, and engineering tasks such as IF statements (one of our perennial favorite stories); ...