Cross-Section Production Functions and the Elasticity of Substitution in American Manufacturing Industry

1963 ◽  
Vol 45 (3) ◽  
pp. 305 ◽  
Author(s):  
C. E. Ferguson
Keyword(s):  
Cross Section ◽  
Manufacturing Industry ◽  
Production Functions ◽  
Elasticity Of Substitution ◽  
Section Production

The End of Multi-Fibre Arrangement and Firm Performance in the Textile Industry: New Evidence

2013 ◽  
Vol 52 (2) ◽  
pp. 97-126 ◽  
Author(s):  
Zara Liaqat
Keyword(s):  
Textile Industry ◽  
Manufacturing Industry ◽  
Firm Heterogeneity ◽  
Production Functions ◽  
Firm Level ◽  
Quality Ladders ◽  
Sectoral Differences ◽  
The Mean ◽  
New Evidence ◽  
Empirical Methodology

Using a sample of 321 textile and clothing companies for the years 1992 to 2010, this paper analyses the effect of quota phase-outs on firm-level efficiency in Pakistan following the end of the Multi-Fibre Arrangement (MFA). It highlights sectoral heterogeneity within the manufacturing industry as a result of MFA expiration. The empirical methodology uses the structural techniques proposed by Olley and Pakes (1996), and Levinsohn and Petrin (2003) in order to take care of endogeneity in the estimation of production functions. The results differ for the two industries: MFA expiration lead to an increase in the average productivity of textile producing firms but a significant reduction in the mean productivity of clothing producers. We offer a number of explanations for this outcome, such as a change in the input and product mix, entry by non-exporters in the clothing sector, and sectoral differences in quality ladders. A number of crucial policy lessons can be drawn from the findings of this study. JEL Classification:F13; F14; D24; C14; O19 Keywords: Multi-Fibre Arrangement, Trade Liberalisation, Productivity, Firm Heterogeneity, Simultaneity and Production Functions, Endogeneity of Protection

scholarly journals Local and Global Dynamics in a Discrete Time Growth Model with Nonconcave Production Function

2012 ◽  
Vol 2012 ◽  
pp. 1-22 ◽  
Author(s):  
Serena Brianzoni ◽  
Cristiana Mammana ◽  
Elisabetta Michetti
Keyword(s):  
Production Function ◽  
Growth Model ◽  
Discrete Time ◽  
Production Functions ◽  
Elasticity Of Substitution ◽  
Global Dynamics ◽  
Production Factors ◽  
Local And Global Dynamics ◽  
Complex Features

We study the dynamics shown by the discrete time neoclassical one-sector growth model with differential savings while assuming a nonconcave production function. We prove that complex features exhibited are related both to the structure of the coexixting attractors and to their basins. We also show that complexity emerges if the elasticity of substitution between production factors is low enough and shareholders save more than workers, confirming the results obtained while considering concave production functions.

Sign in / Sign up

Export Citation Format

Share Document