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Pal, Mihir Kumar
- Trade Reforms and Total Factor Productivity Growth in India’s Aluminium Industry with Adjustment for Capacity Utilization
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Authors
Affiliations
1 Department of Commerce, Shyampur Siddheswari Mahavidyalaya, Howrah 7111104, West Bengal, IN
2 Department of Economics, Vidyasagar University, Midnapore (West) 721102, West Bengal, IN
1 Department of Commerce, Shyampur Siddheswari Mahavidyalaya, Howrah 7111104, West Bengal, IN
2 Department of Economics, Vidyasagar University, Midnapore (West) 721102, West Bengal, IN
Source
Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 52, No 1 (2010), Pagination: 7-26Abstract
This paper examines productivity performance of India’s aluminium industry in the pre and post-economic reforms and tries to relate economic capacity utilization with productivity growth. The results on partial productivity of factors show improvement in productivity of material and capital but not of labour. The total factor productivity growth in the post-reform period, however, declined. Total output growth in Indian aluminium industry is found to be mainly input-driven rather than productivity-driven. With adjustment for variations in capacity utilization, trend in total factor productivity growth remains declining. The paper also reconfirms the important links that exist between manufacturing productivity, trade orientation, industry specific characteristics and some macro economic variables. The liberalization process is found to have adverse impact on total factor productivity growth.- On the Measurement of Capacity Utilization: An Evidence from Indian Chemical Industry
Abstract Views :398 |
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Authors
Affiliations
1 Department of Commerce, Shyampur Siddheswari Mahavidyalaya, Howrah, West Bengal, IN
2 Department of Economics, Vidyasagar University, Paschim Midnapur, West Bengal, IN
1 Department of Commerce, Shyampur Siddheswari Mahavidyalaya, Howrah, West Bengal, IN
2 Department of Economics, Vidyasagar University, Paschim Midnapur, West Bengal, IN
Source
Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 50, No 2 (2008), Pagination: 116-128Abstract
The present study attempts to estimate rate of capacity utilization in Indian Chemical Industry at aggregate level and analyse its trend during a period of 25 years. In this paper, optimal output is defined as the minimum point on the firm’s short-run average total cost curve and the rate of capacity utilization is merely ratio of its actual output to capacity output level. A mode is used to determine the optimal capacity output. We find that economic measure of capacity utilization is always higher than engineering measure and at times greater than unity and varies widely than engineering measure. A declining trend of capacity utilization is noticed after mid 90’s due to slow increase in actual output resulting from stagnated demand and rapid expansion of capacity output as a result of abolition of licensing rule consequent to economic reform.- Productivity Growth of Indian Manufacturing: Panel Estimation of Stochastic Production Frontier
Abstract Views :240 |
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Authors
Affiliations
1 Dept. of Economics, Midnapore College (Autonomous) 721101, IN
2 Vinod Gupta School of Management, IIT Kharagpur, IN
3 Dept. of Economics, Vidyasagar University, Midnapore, IN
1 Dept. of Economics, Midnapore College (Autonomous) 721101, IN
2 Vinod Gupta School of Management, IIT Kharagpur, IN
3 Dept. of Economics, Vidyasagar University, Midnapore, IN
Source
Indian Journal of Industrial Relations: Economics & Social Dev., Vol 52, No 1 (2016), Pagination: 71-86Abstract
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.- Output & Productivity Growth Decomposition:A Panel Study of Manufacturing Industries in India
Abstract Views :313 |
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Authors
Affiliations
1 Dept. of Economics, Midnapore College (Autonomous), Midnapore-721101, W.B., IN
2 Vinod Gupta School of Management, Indian Institute of Technology, Kharagpur, IN
3 Dept. of Economics With Rural Development, Vidyasagar University, Midnapore, Paschim Medinipur (W.B.), IN
1 Dept. of Economics, Midnapore College (Autonomous), Midnapore-721101, W.B., IN
2 Vinod Gupta School of Management, Indian Institute of Technology, Kharagpur, IN
3 Dept. of Economics With Rural Development, Vidyasagar University, Midnapore, Paschim Medinipur (W.B.), IN
Source
Indian Journal of Industrial Relations: Economics & Social Dev., Vol 53, No 3 (2018), Pagination: 361-377Abstract
This paper decomposes output and productivity growth of thirteen 2-digit manufacturing industries as well as total manufacturing industry in India during 1981-82 to 2010-11. The four attributes of output growth are input growth, adjusted scale effect, technological progress and technical efficiency growth. A stochastic frontier model with a translog production function is used to estimate the growth attributes of the manufacturing industries. The results show that input growth is the major contributor to output growth whereas total factor productivity growth (TFPG) sometimes remains inadequate even though it has a positive and significant effect on output growth. Technological progress is found to be the major contributor to TFPG and the scale effect has become important during recent years.References
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