102-118

• Παλάσκας, Θεοδόσιος Β.
• Ρέππας, Παναγιώτης Α.
• Χριστόπουλος, Δημήτρης Κ.

In recent years a number of authors have examined the degree if substitutability between labour and capital in Greek industries using time series data for the period 1960-1975. Since, the early seventies, however the traditional inputs, capital-labour, ceased to be the only important factor in production process of Greek manufacturing. Energy, i.e. crude oil, electricity and diesel, emerged as important input. The present study estimates for the first time own and cross price elasticities for capital, labour, crude oil, electricity and diesel, applying a cost function approach to the time series for the period 1970-1990.

• Economics and Business
• Computer and information sciences

• Industries
• Economics
• Statistics

Περιέχει παραρτήματα, πίνακες, υποσημειώσεις και βιβλιογραφία, Many thanks to George Peters for his reaction to a previous version of the paper. Also thanks go to an anonymous referee for his valuable comments.