Empirical Economics

, Volume 11, Issue 2, pp 81–95 | Cite as

Substitution of labour, capital and energy in the manufacturing sector of Pakistan

  • Mahmood Iqbal
Article

Abstract

Share equations of labour, capital, energy and fuel types, derived from translog cost functions, are estimated by Zellner iterative method to obtain elasticities of labour, capital, energy and fuel types and elasticities of substitution between them. Labour, capital and energy appear as substitutes, natural gas and electricity as complements, and other fuels as substitutes.

Keywords

Cost Function Economic Theory Iterative Method Fuel Type Share Equation 

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Copyright information

© Physica-Verlag 1986

Authors and Affiliations

  • Mahmood Iqbal
    • 1
  1. 1.LongueuilCanada

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