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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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  • UPENDER, M.

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

Suggested Citation

  • Upender, M., 2009. "Elasticity Of Substitution Between Labour And Capital Across Twenty Six Major Industries In India During 2004-05," International Journal of Applied Econometrics and Quantitative Studies, Euro-American Association of Economic Development, vol. 9(1), pages 101-110.
  • Handle: RePEc:eaa:ijaeqs:v:9:y2009:i:1_6
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    File URL: http://www.usc.es/economet/reviews/ijaeqs916.pdf
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    References listed on IDEAS

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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).
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    Cited by:

    1. Vijay P. Ojha & Joydeep Ghosh & Basanta K. Pradhan, 2022. "The role of public expenditure on secondary and higher education for achieving inclusive growth in India," Metroeconomica, Wiley Blackwell, vol. 73(1), pages 49-77, February.
    2. Vijay P. Ojha & Joydeep Ghosh, 2014. "Optimizing Public Expenditure Allocations between Secondary and Higher Education," Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi Discussion Papers 14-02, Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi, India.

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    More about this item

    Keywords

    Industry; Production Function; India; Elasticity of Substitution; Economic Development;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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