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- W2025626797 abstract "Using cross-section data this paper presents the results of an evaluation of the role of cash balances as a factor input in India's manufacturing industries. By using a three-factor translog cost function for each of the major industries along with duality theory, it was possible to estimate the Allen partial elasticities of substitution and the own price elasticities of demand for each factor input. Three significant conclusions are drawn: (a) cash balances and labor are predominantly substitutes and cash balances and capital are by and large, complementary. Implications of this for choice of techniques is analyzed, (b) the interest elasticity of demand for Cash varies with industry from -0.0013 to -0.4756, (c) separability tests indicate that omitting cash balances from the production function would involve a misspecification of the latter." @default.
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- W2025626797 date "1983-02-01" @default.
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- W2025626797 title "An analysis of the demand for cash balances by the manufacturing firms in a developing economy" @default.
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- W2025626797 doi "https://doi.org/10.1016/0304-3878(83)90037-8" @default.
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