La demande de facteurs de production dans le secteur manufacturier québecois: une approche dynamique avec attentes rationnelles

Abstract

The purpose of this study is to estimate the production structure and the adjustement dynamics in the manufacturing sector of Québec between 1962 and 1983. A dynamic model with adjustement costs and rational expectations is estimated by the generalized method of moments. The results indicate increasing returns to scale in the manufacturing sector of Québec. The marginal adjustement costs are about 40 cents on a dollar for capital and 20 cents on a dollar for white collar workers. Capital and intermediate inputs are complements whereas all other pairs of inputs are substitutes.