Abstract
The role of natural resource inputs in Canadian manufacturing is investigated for the 1961–1976 period with a five factor value-added translog model. Price and substitution elasticities are reported for total manufacturing, twenty two-digit manufacturing industries and three sub-aggregates of total manufacturing (based on natural resource inputs). For capital, labour and energy, the elasticities are comparable with those reported elsewhere. For natural resource inputs, the price elasticities are low and the possibilities of substitution limited,
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.