dataset: cobbdoug1.dat

Source: C.W. Cobb and P.H. Douglas (1928). "A Theory of Production",
American Economic Review, Vol 18 (Supplement), pp:139-165.

Description: U.S. Production,, Capital and Labor 1899-1922
Indexed to Year 1899.

Cobb-Douglas Production Function:  P(L,C)=b*(L^k)*(C^(1-k)) ==>
P'-C' = b'+k(L'-C')   P'=ln(P)...    b=exp(b')

Variables/Columns

Year   5-8 
Production index   14-16 
Capital Index       22-24
Labor Index    30-32