Indian Journal of Industrial Relations

2016 | Volume 52 | Issue Issue 1

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

1. Prasanta Kumar Roy

2. Purnendu Sekhar Das & Mihir Kumar Pal

Received
04-Nov-2016 		Accepted
- 		Published
04-Nov-2016
Abstract
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.
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