Cost Structure of the Indian Cement Industry

Raghbendra Jha, M. N. Murty, Satya Paul, Balbir S. Sahni

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)

Abstract

Analyses the structure of costs in the cement, lime and plaster industry of India. Using aggregative data for the period 196061 to 198283 a generalised translog cost function is estimated. It is discovered that (1) this industry has been characterised, by and large, by allocative efficiency; (2) production is characterised by increasing returns to scale; (3) technical progress has been biased against the use of capital; and (4) there exist considerable opportunities for substitution between factors of production. Several policy conclusions of the analysis are also examined.
Original languageEnglish
Pages (from-to)59-67
Number of pages9
JournalJournal of Economic Studies
Volume18
Issue number4
DOIs
Publication statusPublished - Apr 1991
Externally publishedYes

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