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Abstract

Italianer, in his manual MS 17 (1983), develops a device for estimation of derived production relations. In particular, substitution between inputs plays an important role. The estimation device has to overcome many problems and is very complex. The most important problems are the following: + The data base is quite inappropriate; constructed data have to carry a heavy burden of estimated + Data for the depreciation rates and average lifetimes depends on the starting values. The approach of the substitution of inputs is centred around the substitution with the pairs capital - energy and labour - materials, in consequence of the choice of the production function. Under its restriction the pair capital - energy exhibits substitutability and the pair labour - materials complementarity. Finally, we estimated an application of an error correction mechanism to the input relations. Here the MS 17 approach is left in so far that the utilization rate is assumed not to influence the desired inputs.

Additional information

Authors: DE HEUS P, STICHTING ECONOMISCH INSTITUUT TILBURG (THE NETHERLANDS);VAN DEN HEUVEL P STICHTING ECONOMISCH INSTITUUT TILBURG (THE NETHERLANDS), STICHTING ECONOMISCH INSTITUUT TILBURG (THE NETHERLANDS)
Bibliographic Reference: EUR 9699 EN (1985) MF, 43 P., BFR 150, BLOW-UP COPY BFR 215, EUROFFICE, LUXEMBOURG, POB 1003
Availability: Can be ordered online
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