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THE IMPACT OF TECHNOLOGICAL DEVELOPMENT ON INDUSTRIAL OUTPUT IN IRAQ (1970-1990) | ||
| AL-TAQANI | ||
| Article 1, Volume 20, Issue 2, 2007, Pages 0-0 | ||
| Abstract | ||
| The study measures the effect of the Technological Development on the Iraqi industrial output through out estimation of production function . The study illustrates that the technological Development positively affects the Iraqi industrial output (0.008) . Industrial sector operates at a decreasing return to scale (0.87). The elastisty of substitution between labour and capital is high . The estimatian showed no Disembodid technical change . The study explains that the average of capital in production process is (0.16) and that average contribution for labour is (0.83) . So that the effect of technological Development on the labour is (5.21) while that effect on capital is (0.19) . | ||
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