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Technical Progress, Elasticity of Substitution and Returns to Scale in Branches of Soviet Industry: Some New Empirical Evidence Using Soviet Republic Data, 1961-74

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  • Bairam, Erkin

Abstract

In this paper, the author provides estimates of the rate of technical progress and the degree of returns to scale experienced by the nine major branches of Soviet industry. The results reveal that different production functio ns (the Cobb-Douglas, CES, and Kmenta approximation) and different es timation techniques (ordinary least squares, instrumental variables, and maximum likelihood) give similar, if not identical, results. Copyright 1988 by Blackwell Publishers Ltd and The Victoria University of Manchester

Suggested Citation

  • Bairam, Erkin, 1988. "Technical Progress, Elasticity of Substitution and Returns to Scale in Branches of Soviet Industry: Some New Empirical Evidence Using Soviet Republic Data, 1961-74," The Manchester School of Economic & Social Studies, University of Manchester, vol. 56(2), pages 103-117, June.
    • Handle: RePEc:bla:manch2:v:56:y:1988:i:2:p:103-17
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    Cited by:

    1. Sergio Destefanis, 2002. "The Verdoorn Law: Some Evidence from Non-Parametric Frontier Analysis," Palgrave Macmillan Books, in: John McCombie & Maurizio Pugno & Bruno Soro (ed.), Productivity Growth and Economic Performance, chapter 6, pages 136-164, Palgrave Macmillan.
    2. Truett, Dale B. & Truett, Lila J., 1998. "Production, cost, and input substitution in the Mexican petroleum industry," The North American Journal of Economics and Finance, Elsevier, vol. 9(1), pages 67-87.
    3. Natasha Trajkova Najdovska & Monika Angeloska Dichovska, 2017. "Stylized Economic Facts Of Transition," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 4-17, December.

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