Book Description

Monograph on the measurement and theoretical framework of production functions in the industrial sector in India - examines the suitability of the CES production function (constant elasticity of substitutes) for the Indian manufacturing industry, estimates variations in capital worker ratio, correlation between capital intensiveness and wage rates, analyses the cost-price relationship with regard to industrial products, and includes a comparison with the USA manufacturing sector. Bibliography pp. 303 to 321, references and statistical tables.