Studies suggest that the increase in capital input fueled the 'Asian miracle' rather than improvements in productivity and industrial efficiency.
As for the capital input in particular this means that it is measured by capital services, not by the capital stock.
The cost-price equals labour costs incurred (or variable capital measured in price terms) in producing output, plus the monetary cost of constant capital inputs used up.
The insecurity of land tenure further discouraged the use of capital inputs.
Economic data show that Singapore is prosperous mainly because it has successfully mobilized substantial capital inputs, primarily through forced domestic saving.
The industry's rapid expansion is attributed to the country's economic development, which has led to an increase in capital input, from both government and businesses.
By reducing the amount of fixed capital inputs, the production function will shift down.
Because a resource extraction project usually requires large capital inputs up front, most of the extraction is done by big businesses.
Recent trials have shown that because of the high capital inputs required and low fibre yields, cashmere production in pastoral areas is not viable.
SAAB also provided subsidies for buying other capital inputs.