Document Details

Document Type : Article In Journal 
Document Title :
Technical Change and Economic Growth, An Application to the Saudi Cement Industry
التغير التقني والنمو الاقتصادي : دراسة عن واقع صناعة الأسمنت السعودية
 
Subject : Economics 
Document Language : Arabic 
Abstract : Saudi cement industry experienced a substantial growth, particularly in the late seventies and early eighties. The aim of this study is to analyze and investigate technical change and productivity in Saudi factories. The Saudi cement industry has been selected as case study for this purpose since it represents the second largest industry in the country next to oil and petrochemical industries in terms of output, investment, and employment. Cobb-Douglas production function and its various generalized forms have been utilized for estimating production parameters by using OLS techniques. Based on the findings, transcendental production function proved to be the best in terms of explaining the relationship between technical change and output. The results show that elasticities of capital and labor are 0.309 and 0.7994 respectively, while technical change was estimated to be 0.059. This indicates that productivity in the Saudi cement industry was increasing by 5.9% per year during the period of 1961-87. 
ISSN : 1319-0997 
Journal Name : Economics and Administration Journal 
Volume : 4 
Issue Number : 1 
Publishing Year : 1411 AH
1991 AD 
Article Type : Article 
Added Date : Sunday, October 11, 2009 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
محي-الدين ياسن أيوب MUHIEDDIN Y. AYUBResearcher  
عبدالعزيز أحمد ديابABDULAZIZ A. DIYABResearcher  

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