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This study deals with the determinants of factor demand in 27 industries of the manufacturing sector during the period 1978 to 1990. Using a quadratic cost function, six production factors are distinguished : capital, energy, three types of labour and intermediate materials. A parametric test of...
Persistent link: https://www.econbiz.de/10013428202
a somewhat higher wage elasticity in absolute terms than medium-skilled labour. A small part of shift in demand away …
Persistent link: https://www.econbiz.de/10013428321