ESTIMATION OF PRODUCTION FUNCTION OF IRAN'S MINES

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AGHELI KOHNEH SHAHRI L.A.

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Journal: JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH) Year:2006 | Volume:6 | Issue:1 Page(s): 33-49

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Title

ESTIMATION OF PRODUCTION FUNCTION OF IRAN'S MINES

Author(s)

AGHELI KOHNEH SHAHRI L.A. | Issue Writer Certificate

Keywords

MINEQ2

INVESTMENTQ2

EMPLOYMENTQ2

POOLED LEAST SQUARESQ3

GENERALIZED LEAST SQUARESQ3

FIXED AND RANDOM EFFECTSQ2

Abstract

Various studies estimating the production functions (P.Fs) in both agricultural and industry sectors have been conducted so far. Most of these studies have relied on formal P.Fs, such as Cobb-Douglas, Translog and Constant Elasticity Substitution P.Fs; and they have considered MINEs sector in less extent. The aim of this paper is an estimation of P.Fs in different provinces of the country over the 1996-2002 periods. To do this, various P.Fs were specified in which Cobb-Douglas P.F gave us economic theory-based results. According to our calculations based on POOLED LEAST SQUARES (PLS) and GENERALIZED LEAST SQUARES (GLS), Iranian MINEs have labor-intensive structure; and also P.F. coefficient (the sum of elasticities) is greater than one indicating the increasing returns to scale in MINEs production. So, increased number of employees in both assembly and support lines; and also upgraded level and amount of developmental and exploratory INVESTMENTs can play an effective role in MINEral production which is demanded by construction, industry, auto-making, medicine, transport and other sectors.

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APA: Copy

AGHELI KOHNEH SHAHRI, L.A.. (2006). ESTIMATION OF PRODUCTION FUNCTION OF IRAN'S MINES. JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH), 6(1), 33-49. SID. https://sid.ir/paper/86474/en

Vancouver: Copy

AGHELI KOHNEH SHAHRI L.A.. ESTIMATION OF PRODUCTION FUNCTION OF IRAN'S MINES. JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH)[Internet]. 2006;6(1):33-49. Available from: https://sid.ir/paper/86474/en

IEEE: Copy

L.A. AGHELI KOHNEH SHAHRI, “ESTIMATION OF PRODUCTION FUNCTION OF IRAN'S MINES,” JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH), vol. 6, no. 1, pp. 33–49, 2006, [Online]. Available: https://sid.ir/paper/86474/en

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