Abstract:This paper empirically examines whether the production function of the garment sector of Bangladesh is operating under increasing returns to scale. The Cobb-Douglas production function is estimated using the advanced level of econometric techniques based on primary data. GLS estimates indicate that the productivity of labor force is 22.17% and the productivity of capital investment is 61.02%, statistically significant at any significance level. Thus, the production function of the garment sector of Bangladesh … Show more
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