Estimation and analysis of the production function of Diyala General Electrical Industries Company for the period 2003-2021

Abstract

. The production function is considered the most important field in any field or economic sector. Therefore, research into the production function of the public company in Diyala is considered part of the industrial companies operating in the public sector and has its importance in developing the electrical industries. The production function has a significant impact on improving the economic management of the company and contributes to increasing inputs. The electrical industry sector, and this reflects positively on other economic sectors, thus enhancing comprehensive development.This study aims to estimate and analyze the production function of the Diyala General Electrical Industries Company and use the standard aspect to clarify the effect
of each variable or each of the variables on the objective function, that is, to show the effect of each element and the extent of the changes occurring in production, and then attempt to identify the company’s production structure. This was done during This study analyzes the production function of Diyala Electrical Industries Company during the period 2003-2021., Whereas standard tests were used, including the ordinary least squares method test by using the Eviews 12 program. The study showed through its outputs that there is a significant, statistically significant relationship in its estimated parameters and the general estimated standard model. The standard model of the production function has shown that there is a significant relationship between the value of this production on the one hand, and on the other hand, there is a significant relationship between capital, labor, and production requirements from On the other hand, the study found that there is a relationship with a significant impact between work and the value of production. This means that the labor element is relied upon more than others in the production process, while there is an unclear relationship between the value of production and capital due to the lack of modernization of mechanization.