OAMESOhio Association of Medical Equipment Services
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It would be evident that the marginal productivity of labour is higher in the case of NDMEs and DMEs as compared with the OAMEs both at the state and the industry levels during the pre-and post-reform periods.
However the output elasticity of labour is higher than that of capital at the sub-sector level (OAMEs, NDMEs and DMEs) at state level, which implies that the gross value added is relatively more responsive to labour employed in the unorganised manufacturing sector.
The value of elasticity of substitution ([sigma]) between labour and capital is found to be greater than one at the aggregate level, as well as sub-sector levels particularly in the case of OAMEs at state level and DMEs at industry level.
At the sub-sector level, the rate of return to scale is greater than one in DMEs at state level in 1984/85, NDMEs and DMEs at industry level in 1989/90, OAMEs and NDMEs at state level in 1994/95, OAMEs and DMEs at industry level in 2000/01.