In modern manufacturing, effective production management is key to enhancing efficiency. The management of small work orders ...

A form of nonhomogeneous production function is utilized to compute marginal productivities, various elasticities, optimum input ratios, and the like, for different levels of inputs and outputs. Such ...

Create Citation More formats on IMF eLibrary Order a Print Copy The labor share has been declining in the United States, and especially so in manufacturing. This paper investigates the role of capital ...

We introduce and analyze a class of variable elasticity of substitution (VES) production functions for which the substitution parameter varies linearly with the capital-labor ratio around the ...