Production Function Analysis of the Stone Industry in the West Bank and Gaza
Authors:
Article info
2002-03-24
2003-02-09
2003-02-09
277 - 289
Keywords
Abstract
This study estimated a generalized constant elasticity of substitution (CES) and Cobb-Douglas production functions of the Palestinian stone cutting industry in 1997 by using the ordinary least squares (OLS) technique. Results of the study revealed that the stone industry, in general, was characterized by decreasing returns to scale, while small firms enjoyed constant returns to scale. Also, it was found that the output elasticity with respect to labor, was greater than the output elasticity with respect to capital. In addition, a significant statistical difference at 1% level of significance was found between large and small firms in the sense that large firms faced a low elasticity of substitution between labor and capital, while small firms had higher possibilities of substituting labor for capital.
Makhool, B. (2003). Production Function Analysis of the Stone Industry in the West Bank and Gaza. An-Najah University Journal for Research - B (Humanities), 17(2), 277–289. https://doi.org/10.35552/0247-017-002-001
[1]B. Makhool, “Production Function Analysis of the Stone Industry in the West Bank and Gaza,” An-Najah University Journal for Research - B (Humanities), vol. 17, no. 2, pp. 277–289, Feb. 2003, doi: 10.35552/0247-017-002-001.
Makhool, Basim. “Production Function Analysis of the Stone Industry in the West Bank and Gaza.” An-Najah University Journal for Research - B (Humanities), vol. 17, no. 2, Feb. 2003, pp. 277–89. Crossref, https://doi.org/10.35552/0247-017-002-001.
1.Makhool B. Production Function Analysis of the Stone Industry in the West Bank and Gaza. An-Najah University Journal for Research - B (Humanities) [Internet]. 2003 Feb;17(2):277–89. Available from: http://dx.doi.org/10.35552/0247-017-002-001
Makhool, Basim. “Production Function Analysis of the Stone Industry in the West Bank and Gaza.” An-Najah University Journal for Research - B (Humanities) 17, no. 2 (February 2003): 277–89. https://doi.org/10.35552/0247-017-002-001.
Production Function Analysis of the Stone Industry in the West Bank and Gaza
المؤلفون:
معلومات المقال
2002-03-24
2003-02-09
2003-02-09
277 - 289
الكلمات الإفتتاحية
الملخص
This study estimated a generalized constant elasticity of substitution (CES) and Cobb-Douglas production functions of the Palestinian stone cutting industry in 1997 by using the ordinary least squares (OLS) technique. Results of the study revealed that the stone industry, in general, was characterized by decreasing returns to scale, while small firms enjoyed constant returns to scale. Also, it was found that the output elasticity with respect to labor, was greater than the output elasticity with respect to capital. In addition, a significant statistical difference at 1% level of significance was found between large and small firms in the sense that large firms faced a low elasticity of substitution between labor and capital, while small firms had higher possibilities of substituting labor for capital.
Makhool, B. (2003). Production Function Analysis of the Stone Industry in the West Bank and Gaza. An-Najah University Journal for Research - B (Humanities), 17(2), 277–289. https://doi.org/10.35552/0247-017-002-001
[1]B. Makhool, “Production Function Analysis of the Stone Industry in the West Bank and Gaza,” An-Najah University Journal for Research - B (Humanities), vol. 17, no. 2, pp. 277–289, Feb. 2003, doi: 10.35552/0247-017-002-001.
Makhool, Basim. “Production Function Analysis of the Stone Industry in the West Bank and Gaza.” An-Najah University Journal for Research - B (Humanities), vol. 17, no. 2, Feb. 2003, pp. 277–89. Crossref, https://doi.org/10.35552/0247-017-002-001.
1.Makhool B. Production Function Analysis of the Stone Industry in the West Bank and Gaza. An-Najah University Journal for Research - B (Humanities) [Internet]. 2003 Feb;17(2):277–89. Available from: http://dx.doi.org/10.35552/0247-017-002-001
Makhool, Basim. “Production Function Analysis of the Stone Industry in the West Bank and Gaza.” An-Najah University Journal for Research - B (Humanities) 17, no. 2 (February 2003): 277–89. https://doi.org/10.35552/0247-017-002-001.
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