Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.econmod.2004.09.005
Title: Economic reform and productivity growth in Indian manufacturing industries: An interaction of technical change and scale economies
Authors: Pattnayak, S.S. 
Thangavelu, S.M. 
Keywords: Bias technical change
Economic reforms
Economies of scale
Total factor productivity
Issue Date: 2005
Source: Pattnayak, S.S., Thangavelu, S.M. (2005). Economic reform and productivity growth in Indian manufacturing industries: An interaction of technical change and scale economies. Economic Modelling 22 (4) : 601-615. ScholarBank@NUS Repository. https://doi.org/10.1016/j.econmod.2004.09.005
Abstract: This paper studies the effects of the economic reforms of 1991 on the Indian manufacturing industries. A translog cost function was used to analyze the production structure in terms of biased technical change and economies of scale. A panel consisting of 121 Indian manufacturing industries from 1981 to 1998 was used in our estimation. We have shown that key industries have experienced capital-using technical change, and the scale effects have been exploited more intensively since the 1991 economic reforms. We also observe total factor productivity (TFP) improvements for most of the industries after the 1991 reform initiatives, which support the evidence of improvements in economic efficiency in key Indian manufacturing industries.©2004 Elsevier B.V. All rights reserved.
Source Title: Economic Modelling
URI: http://scholarbank.nus.edu.sg/handle/10635/20022
ISSN: 02649993
DOI: 10.1016/j.econmod.2004.09.005
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