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Differential Elasticity of Substitution in the Indian Industries

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Author Info
Upender, M. () (Department of Economics, Osmania University, Hyderabad, India)
Sujan, M. () (Department of Civil Engineering, University College of Engineering, Osmania University, Hyderabad)

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Abstract

The paper specifically focuses on the impact of reforms to see whether there has been any shift in the differential elasticity of substitution between labour and capital in Indian industry. The main conclusion of the paper is that there are differential elasticities of substitution between labour and capital, both pre and post economic reform period in India, hence substitution possibilities are relatively skewed in favour of labour during post economic reform in the Indian industry.

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File URL: http://www.ipe.ro/rjef/rjef3_09/rjef3_09_4.pdf
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Publisher Info
Article provided by Institute for Economic Forecasting in its journal Romanian Journal for Economic Forecasting.

Volume (Year): 6 (2009)
Issue (Month): 3 (September)
Pages: 47-55
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Handle: RePEc:rjr:romjef:v:6:y:2009:i:3:p:47-55

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Related research
Keywords: ; CES Production Function; Differential Elasticity; Economic Reforms;

Find related papers by JEL classification:
E23 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Production
J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions
Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

Statistics
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This page was last updated on 2009-11-17.


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