Returns to scale and suboptimal capacity in Canadian manufacturing
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Returns to scale and suboptimal capacity in Canadian manufacturing a cost function approach by Vinod Kumar Gupta

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Published by Institute for Policy Analysis, University of Toronto in Toronto .
Written in English

Subjects:

  • Industrial capacity -- Canada -- Mathematical models,
  • Costs, Industrial -- Canada -- Mathematical models,
  • Economies of scale

Book details:

Edition Notes

Bibliography: p. 28-30.

Statementby Vinod K. Gupta, Melvyn A. Fuss.
SeriesWorking paper series - Institute for Policy Analysis, University of Toronto -- no. 7904
ContributionsFuss, Melvyn A.,
Classifications
LC ClassificationsHC120C7 G8
The Physical Object
Pagination30 p. --
Number of Pages30
ID Numbers
Open LibraryOL21627711M

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Assessing returns to scale in research may be useful in predicting certain aspects of the development of artificial intelligence, in particular the dynamics of an intelligence explosion. Results The conclusions in this article are drawn from an incomplete review of academic literature assessing research efficiency, presented in Table 1. Canadian industries operated at percent of their production capacity in the last quarter of , down from a downwardly revised percent in the previous period but above market expectations of percent. This was the fifth decrease in six quarters, mainly due to declines in mining and quarrying (pp to %), in particular, potash mining amid disruptions in the rail.   Bend All Auto, two other Ontario firms get scale-up funds from province. Expansions at two auto industry companies and a building products manufacturer will create 90 new jobs. A cost function approach to the estimation of minimum efficient scale, returns to scale, and suboptimal capacity: With an application to Canadian manufacturing Article Feb Author: Ian Keay.

  Canadian Manufacturing magazine is the top source for daily industry-focused news in Canada. We cover the world of manufacturing across all the .   The reason there is no such thing as decreasing returns to scale was explained well by Tjalling Koopmans in his book Three Essays on the State of Economic Science. The argument is the replication argument: if all factors are duplicated, then an identical copy of the production process can be set up and output will be doubled. (a) Increasing returns to scale and high fixed costs may be inconsistent with perfect competition. In such a case, the initial autarkic state may be a suboptimal equilibrium. For example, relative prices may not equal marginal rates of transformation. [35] †Accordingly, it is necessary to examine the returns to scale of Chinese manufacturing sectors with a method rather than DEA. The Diewert-Fox model as elucidated in Diewert and Fox [1] provides a good candidate for this purpose. A single firm or production unit is considered in the model that produces N outputs and uses M inputs for Cited by: 4.

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