ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Productivity, Wage Kate and Relative Share of Workers in Manufacturing Industries

Workers in Manufacturing Industries M M Dadi The constant elasticity of substitution production function used by Arrow, Chenery, Minhas and Solow is definitely an improvement over the earlier production functions which assume either zero or unit elasticity of substitution between factors of production. A regression of labour productivity on wage rate, according to the authors, shows a highly significant correlation in manufacturing industries. The regression co-efficient

To read the full text Login

Get instant access

New 3 Month Subscription
to Digital Archives at

₹826for India

$50for overseas users


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top