Separability and Substitutability in Australian Manufacturing

Vern Caddy

Centre of Policy Studies/IMPACT Centre Working Papers from Victoria University, Centre of Policy Studies/IMPACT Centre

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

Keywords: Separability; production functions (search for similar items in EconPapers)
JEL-codes: C20 D24 J23 (search for similar items in EconPapers)
Date: 1978-11
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https://www.copsmodels.com/ftp/workpapr/o-15.pdf Initial version, 1978-11 (application/pdf)
https://www.copsmodels.com/elecpapr/o-15.htm Local abstract: may link to additional material. (text/html)

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Persistent link: https://EconPapers.repec.org/RePEc:cop:wpaper:o-15

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