ESTIMATION OF SUBSTITUTION PARAMETER IN INDIAN INDUSTRIES: A DISAGGREGATED APPROACH

Sanjib Pohit (), Rajesh Chadha (), P. L. Bina and N Sangeeta

MPRA Paper from University Library of Munich, Germany

Abstract: This paper attempts to estimate the elasticity of substitution between labor and capital for Indian industries classified according to 21 three-digit and 2 one-digit ISIC sectors. The paper also tests whether the estimated values of elasticity of substitution between labor and capital for a sector tend to change from one year to another and also whether it is Cobb-Douglas or CES or VES production function that characterizes a particular sector.

Keywords: Industry; India; Elasticity of Substitution (search for similar items in EconPapers)
JEL-codes: L6 L60 (search for similar items in EconPapers)
Date: 1996-05
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Related works:
Working Paper: Estimation of Substitution Parameter in Indian Industries: A disaggregated approach (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:94717

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