Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/1275
Full metadata record
DC FieldValueLanguage
dc.contributor.authorGupta, G. S.
dc.contributor.authorPatel, Kirit
dc.date.accessioned2010-03-14T14:12:01Z
dc.date.available2010-03-14T14:12:01Z
dc.date.copyright1975-12
dc.date.issued2010-03-14T14:12:01Z
dc.identifier.urihttp://hdl.handle.net/11718/1275
dc.description.abstractThe purpose of the study is to (a) examine the degree of substitutability between labour and capital, (b) estimate returns to scale, (c) compute the factors marginal productivities and relative contribution to output and to (d) test the predictive ability of the estimated relationship. These objectives are pursued with the aid of annual time series data for the period 1946 to 1966. Both inter-regional and inter-temporal comparisons have been attempted. The multiple regression technique is applied to various forms of the production functions. It is found that the elasticity of factor substitution is unity in the Indian Sugar Industry. It has experienced increasing returns to scale. Labour as a factor of production is more important both in terms of marginal productivity and contribution to the output and it is more efficient in all-India than in Uttar Pradesh and Bihar and more in Bihar than in Uttar Pradesh. All these findings imply that there is a good scope for employment of more labour and the expansion of sugar industry in India. The paper suggests that the output of a manufacturing industry can reasonably be forecasted through the multiple regression technique.en
dc.language.isoenen
dc.relation.ispartofseriesWP;1975/97
dc.subjectProduction Functionen
dc.subjectSugar industry - Indiaen
dc.titleProduction function in Indian sugar industryen
dc.typeWorking Paperen
Appears in Collections:Working Papers

Files in This Item:
File Description SizeFormat 
WP 1975_97.pdf1.27 MBAdobe PDFView/Open


Items in IIMA Institutional Repository are protected by copyright, with all rights reserved, unless otherwise indicated.