ABSTRACT
This section presents our main empirical analysis, which makes use elasticity to gauge the
responsiveness of employment to the change in output and wage.
As for the method, first, for the industry classification, labor-intensive industries
include ‘two digit’ ISIC (International Standard Industrial Classification) codes 32, 33
and 39; resource-based industries comprise ISIC codes 31, 34 and 35; and capital-inten-
sive industries cover ISIC codes 36�38. The labor-intensive industries are textiles, garments and footwear; wood products and furniture; and miscellaneous manufactures. The
resource-based are food and related products; paper products; and chemical, rubber and
plastic products. The capital-intensive group includes non-metallic minerals; steel
products; and metal and machine goods, electronics and autos.
