Separability and Substitutability in Australian Manufacturing
AbstractThis 1978 paper is about modelling production input demands for the ORANI model. It examines a nested production structure where capital and labour are combined to form "value-added", which is in turn combined with a materials aggregate to form output. The nested production structure is contrasted with a more general translog form. Using trans-log, own-and cross-price elasticities are estimated. The elasticity matrix does not show the patterns implied by the nesting hypothesis which is therefore rejected. Please note: The PDF download of this fairly old paper is an optical scan of indifferent, but legible, quality
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Bibliographic InfoPaper provided by Monash University, Centre of Policy Studies/IMPACT Centre in its series Centre of Policy Studies/IMPACT Centre Working Papers with number o-15.
Date of creation: Nov 1978
Date of revision:
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Separability; production functions;
Find related papers by JEL classification:
- J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- C20 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - General
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