Productivity Growth of Indian Manufacturing: Panel Estimation of Stochastic Production Frontier

Productivity Growth of Indian Manufacturing: Panel Estimation of Stochastic Production Frontier

Along with technological progress, changes in technical efficiency, scale effect and changes in allocative efficiency can also contribute to productivity growth. The present study used the stochastic frontier production approach to decompose sources of TFPG of organized manufacturing into technologi...

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Veröffentlicht in:Indian journal of industrial relations 2016-07, Vol.52 (1), p.71-86
Hauptverfasser: Roy, Prasanta Kumar, Das, Purnendu Sekhar, Pal, Mihir Kumar
Format: Artikel
Sprache:eng
Schlagworte:
Allocative efficiency
Economic deflation
Efficiency
Employee relations
Industrial efficiency
Industrial growth
Industrial productivity
Labor productivity
Management
Manufacturing
Manufacturing industries
Production efficiency
Productivity
Productivity growth
Reforms
Technological progress
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Zusammenfassung:Along with technological progress, changes in technical efficiency, scale effect and changes in allocative efficiency can also contribute to productivity growth. The present study used the stochastic frontier production approach to decompose sources of TFPG of organized manufacturing into technological progress, changes in technical efficiency, scale effect and changes in allocative efficiency during 1981/82 - 2010/11. According to the results, technical inefficiency, though exists, is time invariant and technological progress (TP) became the main contributor to TFPG of the sector during 1981/82 - 2010/11. Furthermore, TFPG of organized manufacturing in most states in India declined during the post-reform period due to the decline in technological progress.
ISSN:0019-5286