Differential Elasticity of Substitution in the Indian Industries

The paper specifically focuses on the impact of reforms to see whether there has been any shift in the differential elasticity of substitution between labour and capital in Indian industry. The main conclusion of the paper is that there are differential elasticities of substitution between labour and capital, both pre and post economic reform period in India, hence substitution possibilities are relatively skewed in favour of labour during post economic reform in the Indian industry., CES Production Function, Differential Elasticity, Economic Reforms

Using Cooperation Science to Strengthen Maine’s Local Food Economy

While Maine’s food system has enjoyed a recent surge in demand for local food, this opportunity for economic growth has been impeded by a difficult business climate for farmers, small business owners, and institutions. We believe this difficult business climate necessitates policy interventions to sustain the local food economy. Cooperation science can be used to tackle the social dilemmas persisting in Maine’s local food economy and buttress the argument for increased support from the state. In this article, we implement the framework of cooperation to address the key concerns of farm viability, business succession, and increased food sourcing in local institutions from local producers in Maine