Factor utilization and substitution in economic development, a green revolution case study

The purpose of the paper is to aid the understanding of economic development in five specific ways: (1) To examine the long-run trends in factor utilization and substitution for agriculture in the Indian Punjab during a period when it experienced both labor intensive and labor displacing changes in technology; (2) to project these trends to 1980; (3) to examine short-run factor substitution possibilities, particularly capital-labor substitution, in response to changes in factor pricing and factor supplies; (4) to draw broad policy implications that stem from the Punjabi experience in order to shed some light on the problem of unemployment with capital intensive development; (5) to use a methodology that explicitly incorporates important details strategic to these problems.