Domestic versus foreign capital and returns to scale in China's provincial industries
This paper is mainly concerned with estimating an appropriate production function for the Chinese industry using provincial data. The estimated equations suggest that the appropriate production function is a Cobb-Douglas which reveals statistically significant economies of scale. The results reported also reveal that the marginal product of foreign capital is significantly higher than that of domestic capital used in the production process in all but one province.
Year of publication: |
1999
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Authors: | Bairam, Erkin |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 6.1999, 9, p. 621-624
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Publisher: |
Taylor & Francis Journals |
Saved in:
freely available
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