1. A PUTTY-CLAY VINTAGE MODEL FOR SECTORS OF INDUSTRY IN THE NETHERLANDS.
- Author
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Kuipers, S. K., Andriesen, C. M., Jacobs, J. P. A. M., and Kuper, G. H.
- Subjects
FOOD industry ,BEVERAGE industry ,TOBACCO industry ,TEXTILE industry ,FOOTWEAR industry ,CLOTHING industry ,CHEMICAL industry ,ECONOMIC conditions in the Netherlands, 1945- - Abstract
A putty-clay vintage model has been estimated for five industrial sectors: food, beverages and tobacco manufacturing; textiles, clothing and footwear manufacturing; chemical industry and oil refineries; metal manufacturing, and total manufacturing. Substitutability ex ante between labour and capital appeared to be small in the first four sectors, with textiles, clothing and footwear manufacturing as an exception. Substitutability ex ante in total manufacturing industry is rather high: an elasticity of substitution of -0.74. Embodied technical progress is strong in all industrial sectors. In textiles, clothing and footwear manufacturing and in total manufacturing it is both labour- and capital-augmenting in nature. In the other sectors it is mainly of the labour-augmenting variety. [ABSTRACT FROM AUTHOR]
- Published
- 1985
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