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Title
Substitution of Labour, Capital and Energy in the Manufacturing Sector of Pakistan.
Authors
Iqbal, Mahmood
Abstract
Share equations of labour, capital, energy and fuel types, derived from translog cost functions, are estimated by Zellner iterative method to obtain elasticities of labour, capital, energy and fuel types and elasticities of substitution between them. Labour, capital and energy appear as substitutes, natural gas and electricity as complements, and other fuels as substitutes.