This paper attempts to determine econometrically the underlying production relations for the large scale textile manufacturing sector of Pakistan based on data available from six most recent censuses of large scale manufacturing industries. The covariance model is used for pooling the provincial data. Testing for alternative forms reveals that the CES production function with constant-returns-to-scale most adequately explains the underlying production structure. The estimate of the elasticity of substitution are significantly different from zero in all cases, implying significant and efficient employment generation possibilities
Original Title
An Analysis of Production Relations in the Large Scale Textile Manufacturing Sector of Pakistan
This paper attempts to determine econometrically the underlying production relations for the large scale textile manufacturing sector of Pakistan based on data available from six most recent censuses of large scale manufacturing industries. The covariance model is used for pooling the provincial data. Testing for alternative forms reveals that the CES production function with constant-returns-to-scale most adequately explains the underlying production structure. The estimate of the elasticity of substitution are significantly different from zero in all cases, implying significant and efficient employment generation possibilities
This paper attempts to determine econometrically the underlying production relations for the large scale textile manufacturing sector of Pakistan based on data available from six most recent censuses of large scale manufacturing industries. The covariance model is used for pooling the provincial data. Testing for alternative forms reveals that the CES production function with constant-returns-to-scale most adequately explains the underlying production structure. The estimate of the elasticity of substitution are significantly different from zero in all cases, implying significant and efficient employment generation possibilities
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