Capacity utilization, factor substitution, and productivity growth in Canadian food processing sector

Agricultural and Food Economics

Table 4 Elasticities

	Allen-Uzawa price elasticities^a,b				Morishima Cross-Price Elasticities
	L	E	M	S	L	E	M	S
L	− 0.143	− 0.049	0.107	0.085
E	− 0.517	− 0.324	0.756	0.080	− 0.374
M	0.025	0.169	− 0.014	− 0.046	0.168	− 0.155
S	0.129	− 0.480	− 0.484	− 0.049	0.305	− 0.160	− 0.47

The bold values are the elasticities of substitutions
^aThe values below the main diagonal are the elasticity of the price of the inputs in the rows with respect to the price of the input in the column. Similarly, the values above the main diagonal are the elasticities of the variables indicated in the columns with respect to the prices of the variables indicated in the rows. Note that cross-price elasticities are not symmetric because they are share-weighted
^bSimilarly, the values above the main diagonal are elasticities of the variables indicated in the columns with respect to the prices of the variables indicated in the rows. Note that cross-price elasticities are not symmetric because they are share-weighted