How to interpret negative intercept in Cobb Douglas production function?

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Trinh Quang Thoai

Hi. In Cobb-Douglas function. You have Log(-15) that mean: Log(-15) = e^(-15) = 1/e^15.

Olegs Krasnopjorovs

Intercept in Cobb-Douglas production function has no interpretation.

Technically, it reflects initial level of A (total factor productivity), but A is just (a black box) an index.