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Jurnal Ekonomi Malaysia

20 (December) 1989 43 – 60

A Translog Cost Estimation of Capital-labour Substitubility in Malaysian Manufacturing Sector

Fakulti Ekonomi
Universiti .Kebangsaan Malaysia
43600 UKM Bangi
Selangor D.E, Malaysia


Fakulti Ekonomi
Universiti .Kebangsaan Malaysia
43600 UKM Bangi
Selangor D.E, Malaysia


Abstract

The principal aim of this study is to provide further empirical evidence of the elasticity of substitution between capital and labour in 5-digit Malaysian manufacturing industries using the translog cost function. The Allen partial elasticity of substitution was calculated at the mean cost shares at the beginning year (1968), base year (1980) and at ending year of analysis (1984). The elasticities evaluated at the mean cost shares in different years show insignificant variations and generally lower than unity. Policy implications were then drawn from the empirical findings

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Abdullah, , & Osman-Rani, (1989). A Translog Cost Estimation of Capital-labour Substitubility in Malaysian Manufacturing Sector. Jurnal Ekonomi Malaysia, 20(December), 43–60.

@article{abdullah1989translog,
  title={A Translog Cost Estimation of Capital-labour Substitubility in Malaysian Manufacturing Sector},
  author={Abdullah, Maisom and Osman-Rani, H.},
  journal={Jurnal Ekonomi Malaysia},
  volume={20},
  number={December},
  pages={43—60},
 

year={1989},
}

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