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Elasticity Of Substitution Between Labour And Capital Across Twenty Six Major Industries In India During 2004-05

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Author Info
UPENDER, M. ()

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Abstract

The magnitude of the elasticity of substitution between labour and capital across twenty six major Industries [Factory Sector] in India has been estimated in the present paper by fitting a Constant Elasticity of Substitution Production Function for the year 2004-05.The empirical results emerged out of the cross section data demonstrate that the estimate of the elasticity of substitution between labour and capital across the major Indian Industries is significantly more than unity implying that substitution possibilities are rather more in favour of labour in the Indian major Industries

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Publisher Info
Article provided by Euro-American Association of Economic Development in its journal International Journal of Applied Econometrics and Quantitative Studies .

Volume (Year): 9 (2009)
Issue (Month): 1 ()
Pages: 101-110
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Handle: RePEc:eaa:ijaeqs:v:9:y2009:i:1_6

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Related research
Keywords: Industry; Production Function; India; Elasticity of Substitution; Economic Development;

Find related papers by JEL classification:
C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
O5 - Economic Development, Technological Change, and Growth - - Economywide Country Studies
O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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  1. Guisan, M.C. & Aguayo, Eva, 2007. "Wages, Productivity And Human Capital In The European Union: Econometric Models And Comparison With The Usa 1985-2005," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 7(1). [Downloadable!]
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This page was last updated on 2009-12-5.

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