Table IV Elasticity of short- and...

Table IV

Elasticity of short- and long-run output supply and input demand for the Japanese manufacturing industry by technology sectors

Quantity	Year	Elasticity with respect to the price of
Quantity	Year	Output	Material	Labor	Capital
Short run
Output	Low technology	0.0225	−0.0055	−0.0001	−0.0169
	Medium-low tech	0.0213	−0.0053	−0.0001	−0.0159
	Medium-high tech	0.0217	−0.0052	−0.0001	−0.0164
	High technology	0.0206	−0.0050	−0.0001	−0.0156
Material	Low technology	0.0069	0.0043	0.0000	−0.0111
	Medium-low tech	0.0070	0.0037	0.0000	−0.0107
	Medium-high tech	0.0072	0.0041	0.0000	−0.0113
	High technology	0.0078	0.0032	0.0000	−0.0110
Labor	Low technology	−0.0002	0.0001	0.0000	0.0001
	Medium-low tech	−0.0002	0.0001	0.0000	0.0001
	Medium-high tech	−0.0002	0.0001	0.0000	0.0001
	High technology	−0.0002	0.0001	0.0000	0.0001
Capital	Low technology	−0.0002	0.0001	0.0000	0.0001
	Medium-low tech	−0.0002	0.0001	0.0000	0.0001
	Medium-high tech	−0.0002	0.0001	0.0000	0.0001
	High technology	−0.0002	0.0001	0.0000	0.0001
Long run
Output	Low technology	0.1522	−0.0734	−0.0039	−0.0748
	Medium-low tech	0.1608	−0.0770	−0.0038	−0.0801
	Medium-high tech	0.1554	−0.0723	−0.0039	−0.0792
	High technology	0.1670	−0.0725	−0.0036	−0.0909
Material	Low technology	0.1325	−0.0631	−0.0034	−0.0660
	Medium-low tech	0.1398	−0.0662	−0.0032	−0.0704
	Medium-high tech	0.1353	−0.0622	−0.0033	−0.0698
	High technology	0.1453	−0.0624	−0.0031	−0.0797
Labor	Low technology	0.0801	−0.0420	−0.0024	−0.0357
	Medium-low tech	0.0865	−0.0444	−0.0023	−0.0398
	Medium-high tech	0.0831	−0.0416	−0.0024	−0.0392
	High technology	0.0928	−0.0422	−0.0022	−0.0484
Capital	Low technology	0.0892	−0.0469	−0.0034	−0.0389
	Medium-low tech	0.0962	−0.0495	−0.0032	−0.0435
	Medium-high tech	0.0925	−0.0464	−0.0034	−0.0428
	High technology	0.1012	−0.0469	−0.0032	−0.0512

Quantity	Year	Elasticity with respect to the price of
Quantity	Year	Output	Material	Labor	Capital
Short run
Output	Low technology	0.0225	−0.0055	−0.0001	−0.0169
	Medium-low tech	0.0213	−0.0053	−0.0001	−0.0159
	Medium-high tech	0.0217	−0.0052	−0.0001	−0.0164
	High technology	0.0206	−0.0050	−0.0001	−0.0156
Material	Low technology	0.0069	0.0043	0.0000	−0.0111
	Medium-low tech	0.0070	0.0037	0.0000	−0.0107
	Medium-high tech	0.0072	0.0041	0.0000	−0.0113
	High technology	0.0078	0.0032	0.0000	−0.0110
Labor	Low technology	−0.0002	0.0001	0.0000	0.0001
	Medium-low tech	−0.0002	0.0001	0.0000	0.0001
	Medium-high tech	−0.0002	0.0001	0.0000	0.0001
	High technology	−0.0002	0.0001	0.0000	0.0001
Capital	Low technology	−0.0002	0.0001	0.0000	0.0001
	Medium-low tech	−0.0002	0.0001	0.0000	0.0001
	Medium-high tech	−0.0002	0.0001	0.0000	0.0001
	High technology	−0.0002	0.0001	0.0000	0.0001
Long run
Output	Low technology	0.1522	−0.0734	−0.0039	−0.0748
	Medium-low tech	0.1608	−0.0770	−0.0038	−0.0801
	Medium-high tech	0.1554	−0.0723	−0.0039	−0.0792
	High technology	0.1670	−0.0725	−0.0036	−0.0909
Material	Low technology	0.1325	−0.0631	−0.0034	−0.0660
	Medium-low tech	0.1398	−0.0662	−0.0032	−0.0704
	Medium-high tech	0.1353	−0.0622	−0.0033	−0.0698
	High technology	0.1453	−0.0624	−0.0031	−0.0797
Labor	Low technology	0.0801	−0.0420	−0.0024	−0.0357
	Medium-low tech	0.0865	−0.0444	−0.0023	−0.0398
	Medium-high tech	0.0831	−0.0416	−0.0024	−0.0392
	High technology	0.0928	−0.0422	−0.0022	−0.0484
Capital	Low technology	0.0892	−0.0469	−0.0034	−0.0389
	Medium-low tech	0.0962	−0.0495	−0.0032	−0.0435
	Medium-high tech	0.0925	−0.0464	−0.0034	−0.0428
	High technology	0.1012	−0.0469	−0.0032	−0.0512

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