Building of the production function for the production sector of the country

Abstract

This article introduces a result of performed correlation-regression analysis of the performance indexes of three Russian industry segments: manufacturing activities, non-renewal exploitation enterprises and electric-power, gas and water production and distribution enterprises. Based upon this analysis, the authors built the Cobb-Douglas function for these sectors. The analysis of the obtained functions showed, that the key factor of the production ramp-up in manufacturing is the increase of labour quantity. For extractive enterprises, the capital has a higher value, which is caused by traditional capital intensity in this sector. In the third sector, we didn’t obtain models with a high coefficient of determination