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Separability and Substitutability in Australian Manufacturing

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  • Vern Caddy
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    Abstract

    This 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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    File URL: http://www.copsmodels.com/ftp/workpapr/o-15.pdf
    File Function: Initial version, 1978-11
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    File URL: http://www.copsmodels.com/elecpapr/o-15.htm
    File Function: Local abstract: may link to additional material.
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    Bibliographic Info

    Paper provided by Victoria University, Centre of Policy Studies/IMPACT Centre in its series Centre of Policy Studies/IMPACT Centre Working Papers with number o-15.

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    Date of creation: Nov 1978
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    Handle: RePEc:cop:wpaper:o-15

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    Related research

    Keywords: Separability; production functions;

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