Electronic Resource
Springer
Empirical economics
5 (1980), S. 193-203
ISSN:
1435-8921
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Summary This paper looks at the issue of factor substitutability versus complementarity from the point of view of directional causality. That is, prior to estimating a production function, is there any empirical support for the belief that capital, labor, energy and materials are substitutes or complements for one another in the production process? The results suggest that capital is a substitute for the other factors of production but when the other factors are compared pairwise, such a conclusion does not follow.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF01848049
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