Economics, Econometrics and Finance
4 years ago

Indian industries face shifting labor-capital dynamics, impacting production functions.

2 views
The Indian Economic Journal
Estimation of Substitution Parameter in Indian Industries: A Disaggregated Approach
Sanjib Pohit, Rajesh Chadha, P. L. Bina, Sangeeta N. Dhamdhere

Paper Summary

The article estimates how easily workers and machines can be swapped in Indian industries. It looks at 21 different types of industries to see if the ease of swapping changes over time. The study also figures out which type of production function each industry follows.

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