Economic Reforms, Technical Change and Efficiency Change: Firm level Evidence from Capital Goods Industries in India
This paper examines two important components of the total factor productivity growth, namely technical change and technical efficiency change of firms belonging to the capital goods producing industries. Empirical analysis of these two components is motivated by the policy changes that capital goods producing industries were subjected to during the 1990s as well as by the existing evidences on the total factor productivity growth in Indian manufacturing industry. Technical change and technical efficiency change are estimated in a single step, using a stochastic frontier production function. The results of the study show that all the industries studied experienced a significant improvement in the rate of technological progress during the post reform period. However, the evidence on the technical efficiency shows that not only the level of technical efficiency is lower during the post reform period, but also the rate of decline in the technical efficiency is higher during this period in all industries except in one. Thus the paper provides further insight into the productivity performance of these industries during the post reform period.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 39 (2004)
Issue (Month): 1 (January)
|Contact details of provider:|| Postal: |
Phone: 91-11-2766-6533/34/35, 2766-6703/04/05
Web page: http://www.ierdse.org/
More information through EDIRC
|Order Information:|| Web: http://www.ierdse.org/ Email: |
When requesting a correction, please mention this item's handle: RePEc:dse:indecr:v:39:y:2004:i:1:p:239-260. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Pami Dua)
If references are entirely missing, you can add them using this form.