Title: Economic Reform and Total Factor Productivity Growth in Indian Manufacturing Industries
Abstract:Abstract A stochastic frontier production function model is applied to Indian manufacturing industries, to decompose the sources of total factor productivity growth into technical progress, technical ...Abstract A stochastic frontier production function model is applied to Indian manufacturing industries, to decompose the sources of total factor productivity growth into technical progress, technical efficiency, scale efficiency, and allocative efficiency. Empirical results based on data from 2000 to 2006 suggest that increased investment needs time to deliver increased productivity and efficiency, because new technology combined with fresh investment requires higher numbers of skilled workers, better managerial practices and an advanced input mix, all of which generally take time to develop. Thus, the Indian economy must boost technical efficiency by providing skilled workers and high quality managers to further economic reform.Read More
Publication Year: 2012
Publication Date: 2012-01-16
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 22
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