Production Function Analysis of the Stone Industry in the West Bank and Gaza

dc.contributor.author	Basim Makhool
dc.date.accessioned	2016-09-07T10:17:26Z
dc.date.available	2016-09-07T10:17:26Z
dc.date.issued	2003
dc.description.abstract	This study estimated a generalized constant elasticity of substitution (CES) and Cobb-Douglas production functions of the Palestinian stone cutting industry in 1997 by using the ordinary least squares (OLS) technique. Results of the study revealed that the stone industry, in general, was characterized by decreasing returns to scale, while small firms enjoyed constant returns to scale. Also, it was found that the output elasticity with respect to labor, was greater than the output elasticity with respect to capital. In addition, a significant statistical difference at 1% level of significance was found between large and small firms in the sense that large firms faced a low elasticity of substitution between labor and capital, while small firms had higher possibilities of substituting labor for capital.	en
dc.identifier	1727-8449
dc.identifier.uri	http://hdl.handle.net/20.500.11888/2284
dc.title	Production Function Analysis of the Stone Industry in the West Bank and Gaza	en

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