Appropriate Measure of Real Value Added and Total Factor Productivity Growth in Indian Manufacturing
It is a widely held hypothesis that the Indian industry experienced a significant turnaround in its Total Factor Productivity Growth (TEPG) during the decade of the eighties as compared to the seventies. Recently it is argued that if the real value added is estimated by using the double deflation method, this hypothesis does not hold. It is also suggested that the double deflation method provides a more appropriate measure of the real value added. In the present paper, it is shown that the hypothesis of a significant increase in TFPG during the eighties in the Indian industries is clearly corroborated if sufficient care is taken about applying the double deflation method. Moreover, it is also argued that the double deflation method per se is not necessarily superior to the single deflation method for measuring the real value added.
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.
|Date of creation:|
|Date of revision:|
|Contact details of provider:|| Phone: 91 79 2630 7241|
Fax: 91 79 2630 6896
Web page: http://www.iimahd.ernet.in/publications
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:iim:iimawp:wp01286. 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: ()
If references are entirely missing, you can add them using this form.