Input Elasticity of Output and Returns to Scale of Indian Manufacturing During Pre and Post Financial Crisis
Published: 2022
Author(s) Name: Surendranath Mandi, Devkumar Nayek, Maromiya Das, Ipsita Mitra, Shreya Samui and Shrestha Dutta |
Author(s) Affiliation: Midnapore College (Autonomous), Midnapore, West Bengal, India
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Abstract
The study estimates input elasticities
of output and returns to scale of the
organized Indian manufacturing industries
during 1998-99 to 2017-18,
during the pre-economic crisis period
(1998-99 to 2007-08) and the
post-economic crisis period (2008-
09 to 2017-18) using the familiar
Cobb-Douglas type production function.
The results show that there is
an upward trend in the labor elasticity
of output (eL) and returns to
scale parameter during the study
period (1998-99 to 2017-18) and
labor elasticity of output is lying
above the capital elasticity of output
during the post-economic crisis
period (2008-09 to 2017-18) while
the same was lying below the capital
elasticity of output (eK) during the
pre-economic crisis period (1998-99
to 2007-08).
Keywords: N.A.
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