| dc.description.abstract | This paper investigates whether there are economies of scale in the Indian cement industry. It,
therefore, estimates cost-output (sales) relationships, using the time series and the cross-section data, and
at the industry level and the firm level.
At the industry level, the cost-output relationships have been estimated separately for all-India.
Bihar, and Madras — the regional classification for which time-series data are available.
The relationships between cost components — material cost, labour cost, and depreciation cost —
and output, have also been determined in order to identify the sources of economies or diseconomies of
scale. | |
