Trade Policy and Productivity Growth in Indian Manufacturing
Title | Trade Policy and Productivity Growth in Indian Manufacturing PDF eBook |
Author | Chris Milner |
Publisher | |
Pages | 0 |
Release | 2007 |
Genre | |
ISBN |
This article explores the impact of trade policy reforms on total factor productivity (TFP) growth in the Indian manufacturing sectors. For a range of measures of TFP growth, it explores the pre- and post-trade liberalisation performance at the two-digit manufacturing industry level. The results indicate an increase in TFP growth on average and for the majority of manufacturing industries in the post-trade reform period.
Trade Policy, Inequality and Performance in Indian Manufacturing
Title | Trade Policy, Inequality and Performance in Indian Manufacturing PDF eBook |
Author | Kunal Sen |
Publisher | Taylor & Francis |
Pages | 187 |
Release | 2009 |
Genre | Business & Economics |
ISBN | 0415413354 |
This book examines the implications of trade reforms with reference to the 1991 reforms for India's manufacturing sector. The gradualist nature of the reform process, the move from a restrictive policy regime to an open one, and the unevenness of the reforms across sectors make the Indian economy a relevant context for understanding the welfare implications of trade reforms.
Trade Liberalization and Productivity Growth
Title | Trade Liberalization and Productivity Growth PDF eBook |
Author | Satish Chand |
Publisher | |
Pages | 31 |
Release | 1996 |
Genre | Factors of production |
ISBN | 9780947076740 |
Productivity Growth and Trade in Indian Industry
Title | Productivity Growth and Trade in Indian Industry PDF eBook |
Author | |
Publisher | |
Pages | 102 |
Release | 2004 |
Genre | Industrial productivity |
ISBN |
Productivity and Growth in Indian Manufacturing
Title | Productivity and Growth in Indian Manufacturing PDF eBook |
Author | Isher Judge Ahluwalia |
Publisher | Oxford University Press, USA |
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.
Liberalization, Productivity, and Competition
Title | Liberalization, Productivity, and Competition PDF eBook |
Author | Vivek Srivastava |
Publisher | Oxford University Press, USA |
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.
From “Hindu Growth” to Productivity Surge
Title | From “Hindu Growth” to Productivity Surge PDF eBook |
Author | Mr.Dani Rodrik |
Publisher | International Monetary Fund |
Pages | 44 |
Release | 2004-05-01 |
Genre | Business & Economics |
ISBN | 1451850026 |
This paper explores the causes of India's productivity surge around 1980, more than a decade before serious economic reforms were initiated. Trade liberalization, expansionary demand, a favorable external environment, and improved agricultural performance did not play a role. We find evidence that the trigger may have been an attitudinal shift by the government in the early 1980s that unlike the reforms of the 1990s, was probusiness rather than promarket in character, favoring the interests of existing businesses rather than new entrants or consumers. A relatively small shift elicited a large productivity response, because India was far away from its income-possibility frontier. Registered manufacturing, which had been built up in previous decades, played an important role in determining which states took advantage of the changed environment.