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Registro Completo |
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Biblioteca(s): |
Embrapa Pantanal. |
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Data corrente: |
26/07/1996 |
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Data da última atualização: |
26/07/1996 |
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Autoria: |
LAUMAS, P. S.; WILLIAMS, M. |
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Afiliação: |
Northern Illinois University, DeKalb, USA. |
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Título: |
An analysis of the demand for cash balances by the manufacturing firms in a developing economy. |
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Ano de publicação: |
1983 |
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Fonte/Imprenta: |
Journal of Development Economics, v.12, p.169-182, 1983. |
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Idioma: |
Inglês |
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Conteúdo: |
Using cross-section data this paper presents the results of an evaluation of the role of cash balances as a factor input in India's manufacturing industries. By using a three-factor translong cost function for each of the major industries along with duality theory, it was possible to estimate the Allen partial elasticities of substitution and the own price elasticities of demand for each factor input. Three significant conclusions are drawn: (a) cash balances and labor are predominantly substitutes and cash balances and capital are by and large, complementar. Implications of this for choice of techniques is analyzed, (b) the interest elasticity of demand for Cash varies with industry from -0.0013 to -0.4756, (c) separatability tests indicate that omitting cash balances from the production function would involve a misspecification of the latter. |
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Palavras-Chave: |
Analysis; Cash; Developinf economy; Dinheiro; Economia em desenvolvimento; Firma industrial; Manufacturing firms. |
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Thesagro: |
Análise. |
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Categoria do assunto: |
-- |
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Marc: |
LEADER 01504naa a2200229 a 4500
001 1789457
005 1996-07-26
008 1983 bl --- 0-- u #d
100 1 $aLAUMAS, P. S.
245 $aAn analysis of the demand for cash balances by the manufacturing firms in a developing economy.
260 $c1983
520 $aUsing cross-section data this paper presents the results of an evaluation of the role of cash balances as a factor input in India's manufacturing industries. By using a three-factor translong cost function for each of the major industries along with duality theory, it was possible to estimate the Allen partial elasticities of substitution and the own price elasticities of demand for each factor input. Three significant conclusions are drawn: (a) cash balances and labor are predominantly substitutes and cash balances and capital are by and large, complementar. Implications of this for choice of techniques is analyzed, (b) the interest elasticity of demand for Cash varies with industry from -0.0013 to -0.4756, (c) separatability tests indicate that omitting cash balances from the production function would involve a misspecification of the latter.
650 $aAnálise
653 $aAnalysis
653 $aCash
653 $aDevelopinf economy
653 $aDinheiro
653 $aEconomia em desenvolvimento
653 $aFirma industrial
653 $aManufacturing firms
700 1 $aWILLIAMS, M.
773 $tJournal of Development Economics$gv.12, p.169-182, 1983.
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Registro original: |
Embrapa Pantanal (CPAP) |
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