Who extracts minerals more efficiently—Public or private firms? A study of Indian mining industry
Most of the developing countries across the world have opened up their mining industry for private sector participation since late 1980s with a view to increase the overall efficiency of the mineral extraction. But are the private mining firms really efficient than the public sector firms? In such a context this paper compares the extraction efficiency of public and private mining firms in India by assessing their Total Factor Productivity (TFP). The study reveals that TFP levels of private firms are significantly higher than that of public firms in metallic, non-metallic and coal mining sectors. TFP levels of private firms in non-metallic sector are almost double that of public firms. Similarly, private firms in metallic and coal mining industry are one and half times more productive than public firms. In such a context, we can suggest that private participation in the mining industry may boost the overall productivity of the sector.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Blundell, Richard & Bond, Stephen, 1998.
"Initial conditions and moment restrictions in dynamic panel data models,"
Journal of Econometrics,
Elsevier, vol. 87(1), pages 115-143, August.
- Blundell, R. & Bond, S., 1995. "Initial Conditions and Moment Restrictions in Dynamic Panel Data Models," Economics Papers 104, Economics Group, Nuffield College, University of Oxford.
- R Blundell & Steven Bond, "undated". "Initial conditions and moment restrictions in dynamic panel data model," Economics Papers W14&104., Economics Group, Nuffield College, University of Oxford.
- Richard Blundell & Steve Bond, 1995. "Initial conditions and moment restrictions in dynamic panel data models," IFS Working Papers W95/17, Institute for Fiscal Studies.
- Li, Shaomin & Xia, Jun, 2008. "The Roles and Performance of State Firms and Non-State Firms in China's Economic Transition," World Development, Elsevier, vol. 36(1), pages 39-54, January.
- Ehrlich, Isaac & Georges Gallais-Hamonno & Zhiqiang Liu & Randall Lutter, 1994. "Productivity Growth and Firm Ownership: An Analytical and Empirical Investigation," Journal of Political Economy, University of Chicago Press, vol. 102(5), pages 1006-1038, October.
- A. Karas & K. Schoors & L. Weill, 2008.
"Are private banks more efficient than public banks? Evidence from Russia,"
Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium
08/519, Ghent University, Faculty of Economics and Business Administration.
- Alexei Karas & Koen Schoors & Laurent Weill, 2008. "Are private banks more efficient than public banks ? Evidence from Russia," Working Papers of LaRGE Research Center 2008-15, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
- Karas, Alexei & Schoors, Koen & Weill, Laurent, 2008. "Are private banks more efficient than public banks? : Evidence from Russia," BOFIT Discussion Papers 3/2008, Bank of Finland, Institute for Economies in Transition.
- James A. Schmitz & Arilton Teixeira, 2004.
"Privatization's impact on private productivity: the case of Brazilian iron ore,"
337, Federal Reserve Bank of Minneapolis.
- James A. Schmitz, Jr. & Arilton Teixeira, 2008. "Privatization's Impact on Private Productivity: The Case of Brazilian Iron Ore," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(4), pages 745-760, October.
- Chang, Roberto & Hevia, Constantino & Loayza, Norman, 2009.
"Privatization and nationalization cycles,"
Policy Research Working Paper Series
5029, The World Bank.
- Roberto Chang & Constantino Hevia & Norman Loayza, 2010. "Privatization and Nationalization Cycles," NBER Working Papers 16126, National Bureau of Economic Research, Inc.
- Roberto Chang & Constantino Hevia & Norman Loayza, 2015. "Privatization and Nationalization Cycles," Working Papers 2015-47, Peruvian Economic Association.
- James Levinsohn & Amil Petrin, 2003. "Estimating Production Functions Using Inputs to Control for Unobservables," Review of Economic Studies, Oxford University Press, vol. 70(2), pages 317-341.
- Tito Belchior Moreira & Geraldo da Silva Souza & Ricardo Coelho Faria, 2005. "Public Versus Private Water Utilities: Empirical Evidence for Brazilian Companies," Economics Bulletin, AccessEcon, vol. 8(2), pages 1-7.
- G. Steven Olley & Ariel Pakes, 1992.
"The Dynamics of Productivity in the Telecommunications Equipment Industry,"
NBER Working Papers
3977, National Bureau of Economic Research, Inc.
- Olley, G Steven & Pakes, Ariel, 1996. "The Dynamics of Productivity in the Telecommunications Equipment Industry," Econometrica, Econometric Society, vol. 64(6), pages 1263-1297, November.
- George S Olley & Ariel Pakes, 1992. "The Dynamics Of Productivity In The Telecommunications Equipment Industry," Working Papers 92-2, Center for Economic Studies, U.S. Census Bureau.
- Mark Doms & Eric J. Bartelsman, 2000.
"Understanding Productivity: Lessons from Longitudinal Microdata,"
Journal of Economic Literature,
American Economic Association, vol. 38(3), pages 569-594, September.
- Eric J. Bartelsman & Mark Doms, 2000. "Understanding productivity: lessons from longitudinal microdata," Finance and Economics Discussion Series 2000-19, Board of Governors of the Federal Reserve System (U.S.).
- Caves, Douglas W & Christensen, Laurits R, 1980. "The Relative Efficiency of Public and Private Firms in a Competitive Environment: The Case of Canadian Railroads," Journal of Political Economy, University of Chicago Press, vol. 88(5), pages 958-976, October.
- M. Parameswaran, 2004. "Economic Reforms, Technical Change and Efficiency Change: Firm level Evidence from Capital Goods Industries in India," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 39(1), pages 239-260, January.
- Moses Abramovitz, 1956. "Resource and Output Trends in the United States Since 1870," NBER Chapters, in: Resource and Output Trends in the United States Since 1870, pages 1-23 National Bureau of Economic Research, Inc.
- Frank Windmeijer, 2006.
"GMM for panel count data models,"
Bristol Economics Discussion Papers
06/591, Department of Economics, University of Bristol, UK.
- Moses Abramovitz, 1956. "Resource and Output Trends in the United States Since 1870," NBER Books, National Bureau of Economic Research, Inc, number abra56-1, Enero.
- repec:ebl:ecbull:v:8:y:2005:i:2:p:1-7 is not listed on IDEAS
- Boardman, Anthony E & Vining, Aidan R, 1989. "Ownership and Performance in Competitive Environments: A Comparison of the Performance of Private, Mixed, and State-Owned Enterprises," Journal of Law and Economics, University of Chicago Press, vol. 32(1), pages 1-33, April.
- Nishimizu, Mieko & Page, John M, Jr, 1986. "Productivity Change and Dynamic Comparative Advantage," The Review of Economics and Statistics, MIT Press, vol. 68(2), pages 241-247, May.
- Aydin, Hamit & Tilton, John E., 2000. "Mineral endowment, labor productivity, and comparative advantage in mining," Resource and Energy Economics, Elsevier, vol. 22(4), pages 281-293, October.
- Majumdar, Sumit K, 1998. "Assessing Comparative Efficiency of the State-Owned Mixed and Private Sectors in Indian Industry," Public Choice, Springer, vol. 96(1-2), pages 1-24, July.
When requesting a correction, please mention this item's handle: RePEc:eee:jpolmo:v:34:y:2012:i:5:p:755-766. 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: (Shamier, Wendy)
If references are entirely missing, you can add them using this form.