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  • Economics  (1)
  • Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
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    Electronic Resource
    Electronic Resource
    Scale economies in manufacturing: Problems of robust estimation (1993)
    Springer
    Empirical economics 18 (1993), S. 469-480 
    Details
    ISSN: 1435-8921
    Keywords: C5 ; C53
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract The purpose of the paper is to develop a cost frontier model and its robust estimation for analyzing the impact of scale economies in the manufacturing sector. Indirectly our estimates provide a test of the new growth theory which emphasizes the role of increasing returns to scale as a major force in the sustained growth process. An illustrative application to the South Korean manufacturing sector finds strong supportive evidence for significant scale economies, though in recent years it may be declining for the Korean economy.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01176199
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