Limitations of the current study are: 1) some
of the variables used in this study are not directly
available in the public domain and have been
estimated and 2) due to availability of data, the
number of years studied may be not large enough
to observe the impact of new manufacturing
technology implemented on fixed manufacturing
costs and the impact of JIT system. Future
research may be conducted in other countries
with a longer period studied where the impact
of capital intensity and JIT system can be clearly
observed to determine whether the fi ndings of
this study can be generalized when using different
sets of data