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Globalization and Structural Changes in the Indian Industrial Sector: An Analysis of Production Functions

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  • S.K. Mishra

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Abstract

The paper reports a study to investigate the structural changes in the manufacturing sector of India (possibly) brought about by liberalization and globalization of the economy. It assesses the structural changes in terms of employment of labour and capital, possibly indicated by replacement of the former by the latter. The study also examines the impact of the new industrial policies on regional distribution of indicators of industrialization, such as, the labour-capital ratio, returns to scale and productivity.

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Bibliographic Info

Paper provided by eSocialSciences in its series Working Papers with number id:788.

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Date of creation: Jan 2007
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Handle: RePEc:ess:wpaper:id:788

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Keywords: labour-capital ratio; productivity; structural changes in manufacturing; liberalisation; globalisation; employment; capital; Economics; Industry;

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  1. Williams, Martin & Laumas, Prem S, 1984. "Economies of Scale for Various Types of Manufacturing Production Technologies in an Underdeveloped Economy," Economic Development and Cultural Change, University of Chicago Press, vol. 32(2), pages 401-12, January.
  2. SK Mishra, 2007. "Estimation of Zellner-Revankar Production Function Revisited," Economics Bulletin, AccessEcon, vol. 3(14), pages 1-7.
  3. Alcala, Francisco & Ciccone, Antonio, 2001. "Trade and Productivity," CEPR Discussion Papers, C.E.P.R. Discussion Papers 3095, C.E.P.R. Discussion Papers.
  4. Chand, Satish & Sne, Kunal, 2002. "Trade Liberalization and Productivity Growth: Evidence from Indian Manufacturing," Review of Development Economics, Wiley Blackwell, Wiley Blackwell, vol. 6(1), pages 120-32, February.
  5. Kaliappa Kalirajan & Shashanka Bhide, 2004. "The Post-reform Performance of the Manufacturing Sector in India," Asian Economic Papers, MIT Press, MIT Press, vol. 3(2), pages 126-157.
  6. Sankar, Ulaganathan, 1970. "Elasticities of Substitution and Returns to Scale in Indian Manufacturing Industries," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 11(3), pages 399-411, October.
  7. Shaikh, Anwar, 1974. "Laws of Production and Laws of Algebra: The Humbug Production Function," The Review of Economics and Statistics, MIT Press, vol. 56(1), pages 115-20, February.
  8. Mishra, SK, 2006. "Global Optimization by Differential Evolution and Particle Swarm Methods: Evaluation on Some Benchmark Functions," MPRA Paper 1005, University Library of Munich, Germany.
  9. Dasgupta, Madhuchhanda & Mishra, SK, 2004. "Least absolute deviation estimation of linear econometric models: A literature review," MPRA Paper 1781, University Library of Munich, Germany.
  10. Nigel L. Driffield & Uma S. Kambhampati, 2003. "Trade Liberalization and the Efficiency of Firms in Indian Manufacturing," Review of Development Economics, Wiley Blackwell, Wiley Blackwell, vol. 7(3), pages 419-430, 08.
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