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Economies of scale and production functions in South Korean manufacturing

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  • Economies of scale and production functions in South Korean manufacturing
  • Nam, Chong H.; University of Minnesota
  • United States Agency for International Development


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Title Economies of scale and production functions in South Korean manufacturing
Similar Titles
Material Type Reports
Author(English)

Nam, Chong H.; University of Minnesota

Publisher

[Washington, D.C.]:United States Agency for International Development

Date 1975-08
Series Title; No Other USAID Supported Study, Document
Pages 148
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Manufacturing
Holding United States Agency for International Development

Abstract

In the course of inquiry the author estimates manufacturing production functions for South Korean manufacturing industries. These estimates shed light on the following questions. 1. Are there economies of scale in the production technologies of South Korea's manufacturing industries? If so, what is the potential and actual importance of the economies of scale in explaining output growth in South Korea's manufacturing industries? 2. What is the magnitude and extent of substitutability of factors in South Korea's manufacturing industries? 3. What is the extent of interindustry variations of marginal products of factor? 4. Are the estimated production functions relevant for both small and large establishments? 5. Is the product process homothetic, i.e., are the output elasticities of inputs and the elasticity of substitution independent of the level of the factors of production?

User Note

Thesis (Ph.D.) - University of Minnesota, 1975