Factor Demands in the U.S. Food‐Manufacturing Industry
利用Allen和Morishima替代弹性,分析美国食品制造业对劳动、资本和能源的需求,发现资本需求弹性大于劳动和能源,且要素间可替代,尤其资本与劳动。
Abstract This paper analyzes the demand for labor, capital, and energy in the U.S. food‐manufacturing industry using Allen and Morishima elasticities of substitution. The demand for capital is more elastic than for labor and energy, and these production factors are substitutable, especially between capital and labor.