Factor Demand and Substitution under Decreasing Returns to Scale. An Application to the Rybczynski Theorem

1987 ◽  
Vol 89 (2) ◽  
pp. 209 ◽  
Author(s):  
Sakari Ylönen ◽  
Sakari Ylonen
Keyword(s):  
Returns To Scale ◽  
Factor Demand

Factor Demand and Returns to Scale in Milk Production: Effects of Price, Substitution and Technology

1984 ◽  
Vol 13 (2) ◽  
pp. 238-244 ◽  
Author(s):  
Anwarul Hoque ◽  
Adesoji Adelaja
Keyword(s):  
Structural Changes ◽  
Returns To Scale ◽  
Dairy Industry ◽  
Scale Parameters ◽  
Section Data ◽  
Factor Demand ◽  
Demand Structure ◽  
Input Demand ◽  
Pooled Time Series ◽  
Production Effects

A translog cost function was estimated using pooled time series-cross section data from five Northeastern States to study structural changes in the dairy industry. The approach given in the duality theory was found useful in estimating the input demand structure under changing input prices and technology conditions. The estimated Allen partial elasticities of substitution show the existence of substitution between energy and non-energy inputs in dairy farming. Despite input price increases the dairy industry maintained competitiveness as seen by the returns to scale parameters.

The sawmill industry of the Lake States: a study of productivity, technological change, and factor demand

2006 ◽  
Vol 36 (10) ◽  
pp. 2633-2641 ◽  
Author(s):  
James RG McQueen ◽  
Karen Potter-Witter
Keyword(s):  
Technical Change ◽  
Time Series Data ◽  
Returns To Scale ◽  
Elasticity Of Substitution ◽  
Series Data ◽  
Variable Cost ◽  
Price Elasticities ◽  
Factor Demand ◽  
Sawmill Industry ◽  
Variable Cost Function

A translog variable cost function of the sawmill industry in Michigan, Minnesota, and Wisconsin was estimated using pooled time-series data for the period 1963–1996 with inputs labour, materials, and capital. The estimated model imposed Hicks-neutral technical change and allowed for nonconstant returns to scale as well as nonunitary elasticities of substitution amongst the inputs. Results for the Allen–Uzawa partial elasticity of substitution and the Morishima elasticity of substitution indicate that the three inputs were inelastic substitutes. The own-price elasticities of demand and the cross-price elasticities were all inelastic. The industry exhibits increasing returns to scale and positive technical change. Total factor productivity was increasing by 0.69%/year over the study period.

An Analysis of Total Factor Productivity, Factor demand, and Profit of India’s Agriculture

2015 ◽  
Vol 6 (2) ◽  
pp. 360-370
Author(s):  
Sharmistha Nag ◽  
Debarpita Roy ◽  
Laxmi Joshi ◽  
P. C. Parida ◽  
Hari K. Nagarajan
Keyword(s):  
Total Factor Productivity ◽  
Factor Productivity ◽  
Factor Demand ◽  
Productivity Factor
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