2022 |
Volume 57 |
Issue Issue 3
Input Elasticity of Output and Returns to Scale of Indian Manufacturing During Pre and Post Financial Crisis
1.
Surendranath Mandi
– Midnapore College (autonomous), Midnapore, West Bengal, India
2.
Devkumar Nayek
– Midnapore College (autonomous), Midnapore, West Bengal, India
3.
Maromiya Das
– Midnapore College (autonomous), Midnapore, West Bengal, India
4.
Ipsita Mitra
– Midnapore College (autonomous), Midnapore, West Bengal, India
5.
Shreya Samui And Shrestha Dutta
– Midnapore College (autonomous), Midnapore, West Bengal, India
Received
11-Apr-2022
|
Accepted
-
|
Published
11-Apr-2022
|
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).
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