This paper applies the econometric model of investment behavior developed in our earlier paper to the U.S. telephone industry. Utilizing annual data for the period 1949 to 1968, the author finds that the estimates of long-run elasticities of capital stock with respect to relative price and...

Jorgenson and Handel (J-H) applied their recently developed econometric model of investment behavior in U.S. regulated industries to four subindustries of the regulated sector. In their derivation of the demand for capital, they assumed constant returns to scale and unitary elasticity of...

A decade after the implementation of the initial wave of economic reforms in India, the process of transforming the country into a fully developed market economy continues. A hallmark of the globalised economy is its ability to sustain competitive efficiency which, in turn, can lead to enhanced...