SIC

Industry

Elasticity-I

(t-stat.)

Elasticity-II

(t-stat.)

Elasticity-III

(t-stat.)

20

Food and Kindred Products

0.610

(30.873)

0.552

(13.074)

0.586

(26.239)

21

Tobacco Products

0.386

(12.604)

0.399

(13.315)

0.870

(22.312)

22

Textile Mill Products

0.401

(5.243)

0.301

(5.154)

0.490

(11.897)

23

Apparel and Other Textile Products

0.142

(7.800)

0.200

(7.489)

0.164

(8.7221)

24

Lumber and Wood Products

0.518

(17.614)

0.474

(10.923)

0.493

(17.966)

25

Furniture and Fixtures

0.227

(5.785)

0.490

(13.566)

0.359

(11 .568)

26

Paper and Allied Products

0.5937

(17.558)

0.673

(32.139)

0.616

(28.6918)

27

Printing and Publishing

0.156

(3.3158)

0.458

(14.599)

0.341

(11.686)

28

Chemicals and Allied Products

0.519

(9.651)

0.595

(9.475)

0.560

(9.380)

29

Petroleum and Allied Products

1.153

(8.486)

0.658

(9.161)

0.733

(15.109)

30

Rubber and Misc. Products

0.247

(1 .822)

0.804

(24.828)

0.550

(9.437)

31

Leather and Leather Products

0.382

(7.373)

0.048

(0.8439)

0.323

(14.970)

32

Stone, Clay and Glass Products

0.627

(11.702)

0.769

(22.983)

0.728

(20.323)

33

Primary Metal Industries

0.607

(16.826)

0.552

(13.074)

0.0.571

(17.622)

34

Fabricated Metal Products

0.480

(11 .841)

0.603

(28.612)

0.0.489

(22.141)

35

Machinery, Except Electrical

0.624

(18.007)

0.624

(18.007)

0.622

(20.763)

36

Electric and Electronic Equipment

0.403

(6.740

0.744

(23.012)

0.583

(15.339)

37

Transportation Equipment

0.737

(20.826)

0.791

(19.149)

0.749

(19.692)

38

Instruments and Related Products

0.662

(15.220)

0.812

(37.508

0.725

(28.350)

39

Misc. Manufacturing Industries

0.400

(4.1755)

0.337

(3.134)

0.462

(6.542)

Average

0.493

0.544

0.550