Abstract
This chapter discusses an intercountry comparison of cement production based on the short-run production function concept. The concept rests on the assumption of vintage structure within an industry that is, characterized by fixed production coefficients with respect to current inputs and presence of fixed factors in the form of capital. The short-run industry production function approach based on micro-data is a suitable method for the cement industry. The product is homogeneous and different production techniques are identifiable. Moreover, the various stages in the cement manufacturing process are distinct. In addition, the short-run function shows the actual production possibilities of the industry and is changed by the investments in new technologies and scrapping of old capacity. The use of the short-run industry production function in a comparative analysis of an industry clearly brings out the differences in development. It is particularly the rate of labor-saving technical progress that varies from country to country, and from time to time.
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