Growth Efficiency Productivity Of Indian Manufacturing Industries
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Author | : Vinish Kathuria |
Publisher | : Routledge |
Total Pages | : 381 |
Release | : 2014-09-25 |
Genre | : Business & Economics |
ISBN | : 1317559797 |
This volume comprehensively captures trends in productivity and its determinants in the post-reform period for Indian manufacturing. It provides an up-to-date survey of different methods employed in measuring productivity and their applications across organized and unorganized sectors, including food, beverages, furniture, gems, chemicals, petroleum and rubber, metals and minerals, paper products, publishing, textiles, etc. The essays examine the uneven impact of economic reforms and growth on the performance of the manufacturing sector. This will be especially useful to students and scholars of economics, business and management, policymakers and governmental agencies, particularly those interested in Indian economy and manufacturing.
Author | : Paramita Roy Biswas |
Publisher | : LAP Lambert Academic Publishing |
Total Pages | : 252 |
Release | : 2012-06 |
Genre | : |
ISBN | : 9783848483549 |
Considering disaggregated data on Indian manufacturing at two- & three-digit levels, provided by Annual Survey of Industries during 1970-71 to 2001-02, a performance related overview is constructed to observe whether the feat of Indian industries has generated sufficient growth potential in terms of industrial output. A dummy-variable approach is adopted here. The study also focuses on the effects of trade-liberalization policies on output growth process by estimating break points & examining its occurrence & persistence level in pre- or post-liberalization era by employing unit-root hypothesis. For analyzing cost-competitiveness of an industry, measurement of technical efficiency is done by employing Stochastic Frontier Production function approach & extent of total factor productivity growth is examined by non-parametric approach of Data Envelopment Analysis. Inter-industrial variation is observed regarding the explanatory factors responsible for movements of technical efficiency & total factor productivity growth of different industries. The policy prescriptions should focus on the specific broad objectives: whether to endorse efficiency or productivity of a particular industry.
Author | : Vivek Srivastava |
Publisher | : Oxford University Press, USA |
Total Pages | : 188 |
Release | : 1996 |
Genre | : Business & Economics |
ISBN | : |
The empirical evidence linking economic reform in developing countries with gains in productivity and efficiency is both limited and inconclusive. Using large firm-level data collected by the Reserve Bank of India, this book examines the impact of reform on productivity and competition for the Indian manufacturing sector in the eighties. Relying on econometric estimates of pre- and post-reform productivity growth, the study finds evidence of significantly higher productivity growth rates after the mid-eighties both at the aggregate and two-digit sector levels. The author seeks corroborating evidence by developing a framework that enables him to simultaneously estimate economies of scale, a measure of optimal labour utilization and the mark-up of price over marginal cost as an indicator of competitiveness. Though he finds evidence of better labour utilization, there is no indication of reduced market power or any significant departure from constant returns to scale in the post-reform period. He concludes that even the limited reforms of the eighties led to productivity gains which were achieved largely through better resource use.
Author | : Isher Judge Ahluwalia |
Publisher | : Oxford University Press, USA |
Total Pages | : 268 |
Release | : 1991 |
Genre | : Business & Economics |
ISBN | : |
What caused the increase in industrial productivity in the marketing sector of India in the 1980s after nearly two decades of industrial stagnation? This book examines the causes of this turn around, including improvements in planning and performance of infrastructure sectors, as well as changes in industrial and trade policies. The study emphasizes the need for policy reform at the microeconomic level combined with strong measures designed to enhance a macroeconomic environment which is conducive to growth.
Author | : Mihir Kumar Pal |
Publisher | : Emerald Group Publishing |
Total Pages | : 312 |
Release | : 2021-06-03 |
Genre | : Business & Economics |
ISBN | : 1800710941 |
The growth of manufacturing industries is one of the key sectors in helping to mitigate global recessions. Productivity Growth in the Manufacturing Sector thoroughly discusses issues and potential remedies of this sector for a range of international countries.
Author | : Laxmi Narayan |
Publisher | : Discovery Publishing House |
Total Pages | : 384 |
Release | : 2003 |
Genre | : Industrial productivity |
ISBN | : 9788171417032 |
Productivity and wages plays an important role in the economic development and ultimately determines the standard of living in the country. In a developing economy like India the wage policy is facing a real conflict between the need of the workers for larger consumption and the demand of the economy for higher rate of capital formation. The increasing productivity and its linking with wages is the best option available. The book examines the relationship between productivity and wages in selected industries of organised manufacturing. In this endeavour, the book examines (a) The trends in productivity; (b) The trends in distribution of productivity gains; (c) The trends in factor compensation (wages and rate of return). Contents: Introduction and Problem Setting, Data and Methodology, Wage Productivity Relationship Theoretical and Empirical Evidence, Productivity Trends in Selected Industries, Trends in Distribution of Productivity Gains, Trends in Wages and Earnings, Wage-Productivity R
Author | : Sangho Kim |
Publisher | : |
Total Pages | : 0 |
Release | : 2012 |
Genre | : |
ISBN | : |
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.
Author | : Mr.Bulent Unel |
Publisher | : International Monetary Fund |
Total Pages | : 27 |
Release | : 2003-01-01 |
Genre | : Business & Economics |
ISBN | : 1451843992 |
Starting in the late 1970s, the Indian authorities implemented a series of reforms aimed at exposing the economy to greater competition and at liberalizing key aspects of economic activity. This paper investigates productivity trends in India's (registered) manufacturing sectors during the 1980s and 1990s. The main findings of the paper are (i) labor and total factor productivity (TFP) growth in total manufacturing and many of the component sectors since 1980 were markedly higher than that in the preceding two decades, although the extent of the acceleration in TFP growth depends critically on the underlying assumptions about factor elasticities and the assumed structure of the production function; (ii) productivity growth for total manufacturing as well as for many subsectors picked up further after the 1991 reforms; and (iii) classification of the best performing sectors and the weakest performing sectors, based on comparative TFP, remains robust to changes in underlying assumptions.
Author | : Mr.Arvind Virmani |
Publisher | : International Monetary Fund |
Total Pages | : 35 |
Release | : 2011-07-01 |
Genre | : Business & Economics |
ISBN | : 1455298735 |
Most estimates of Indian manufacturing productivity find a slowdown in the 1990s. This has puzzled analysts, given that 1990s reforms were deeper and wider than the 1980s reforms that raised the growth rate of the Indian economy by 2 per cent points. This paper tests the hypothesis of the J curve of Productivity and Growth following major liberalization and finds it to be broadly supported by the data: Technological obsolescence, gradual adoption of new technology and learning by doing result in negative effects on measured productivity.
Author | : Jeong-Dong Lee |
Publisher | : Physica |
Total Pages | : 0 |
Release | : 2010-10-19 |
Genre | : Business & Economics |
ISBN | : 9783790825640 |
Productivity growth is a keyword for sustainable economic growth in a knowledge-based society. There has been significant methodological development in the literature on productivity and efficiency analysis, e.g. SFA (Stochastic Frontier Analysis) and DEA (Data Envelopment Analysis). All these methodological developments should be matched with applications in order to provide practical implications for private and public decision-makers. This volume provides a collection of up-to-date and new applications of productivity and efficiency analysis. In particular, the case studies cover various economic issues in the Asia-Pacific region. The authors analyze the performance of manufacturing firms, banks, venture capital, broadcasting firms, as well as the issues of efficiency in the education sector, regional development, and defense industry. These case studies will shed light on the potential contribution of productivity and efficiency analysis to the enhancement of economic performance.