Factor Demand and Substitution in Mineral-Intensive Industries

John Moroney and John M. Trapani

Bell Journal of Economics, 1981, vol. 12, issue 1, 272-284

Abstract: This paper presents a model of the demand for reproducible capital, labor, and nonfuel mineral resources in six manufacturing industries that process exhaustible mineral resources. Partial substitution elasticities are estimated from translog unit cost functions and factor demand equations. These estimates are then used to simulate input demands in a setting of exhaustible resources scarcity. The principal finding is that substitution possibilities are much more limited than those implied by Cobb-Douglas production technology, and this has important implications for the possible conservation of exhaustible resources.

Date: 1981
References: Add references at CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
http://links.jstor.org/sici?sici=0361-915X%2819812 ... O%3B2-Z&origin=repec full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rje:bellje:v:12:y:1981:i:spring:p:272-284

Ordering information: This journal article can be ordered from
https://editorialexp ... i-bin/rje_online.cgi

Access Statistics for this article

More articles in Bell Journal of Economics from The RAND Corporation
Bibliographic data for series maintained by ().