Employment in the manufacturing sector of developing economies: A study of Mexico and Peru
- 1 October 1973
- journal article
- research article
- Published by Taylor & Francis in The Journal of Development Studies
- Vol. 10 (1) , 33-49
- https://doi.org/10.1080/00220387308421474
Abstract
This article finds that the existence of elastic production functions and shifts in relative prices which make it profitable for companies to substitute capital for labour explained a large portion of the failure of manufacturing industries in Mexico and Peru to provide large scale employment opportunities even when their volume of output was expanding.Keywords
This publication has 4 references indexed in Scilit:
- Alternative Estimates of Capital-Labor Substitution in Manufacturing in Developing Economies: Comments on Professor ClagueEconometrica, 1971
- Identification and Specification Analysis of Alternative Equations for Estimating the Elasticity of SubstitutionSouthern Economic Journal, 1970
- Employment and Industrialization in Developing CountriesThe Quarterly Journal of Economics, 1966
- Capital-Labor Substitution and Economic EfficiencyThe Review of Economics and Statistics, 1961