Scale of production and choice of technique in the engineering industries in developing countries


Autoria(s): Prendergast, Renee
Data(s)

01/10/1990

Resumo

This article examines the relationship between scale of production, optimal choice of technique and costs for three engineering industries: nuts and bolts, iron founding and machine tools. In all three industries costs of production fell as the scale of output increased. This was associated with switches of technique and the spread of fixed costs over a larger number of units. The capital-output ratio fell and labour productivity increased with increases in scale while, in most cases, the capital-labour ratio increased. The implications of these findings are briefly discussed.

Identificador

http://pure.qub.ac.uk/portal/en/publications/scale-of-production-and-choice-of-technique-in-the-engineering-industries-in-developing-countries(a90ea54c-7755-4509-8d53-4b5572d75e31).html

Idioma(s)

eng

Direitos

info:eu-repo/semantics/restrictedAccess

Fonte

Prendergast , R 1990 , ' Scale of production and choice of technique in the engineering industries in developing countries ' Journal of Development Studies , vol 27(1) , pp. 72-88 .

Tipo

article