Productivity growth in Indian manufacturing is an important driver of overall growth, yet the issues related to its measurement have still not been resolved. The issue of how to compute an aggregate productivity measure holds significance for two reasons: one, the productivity of a firm should...

The study compares the performance of the oil refining PSEs of India between two stretches each spanning over nine years; one ending in 1999-00 – the APM regime – and the other beginning in the next year – the post-APM regime. The basic question being asked here is whether undoing of the...

The study is an endeavor to identify the sources of Total Factor Productivity (TFP) growth in Indian sugar industry at both aggregated and regional levels using non-parametric Malmquist Productivity Index (MPI). The empirical analysis is confined to the period of 31 years from 1974/75 to...

This paper purports to re-examine the role of real money balances in the production process in a dynamic framework. The dynamic demand system estimated consists of demand for labour, capital and real money balances. This demand system is based on the work of Morrison and Berndt. The main finding...

The paper examines three hypotheses regarding small-scale manufacturing units, namely, 1) Small firms use more labour per unit of capital 2)They produce more output per unit of capitaland 3)Do small firms use resources more efficiently than large firms in terms of Total Factor Productivity(TFP)?...

Without making a proper statistical assessment, researchers tend to apply complex econometric tools to a theoretical model in providing analytical results involving time consuming process with extra efforts. After describing the shortcomings of production function model, an attempt has been made...

The efficiency of an organization depends on the voluntary compliance of team members to organizational goals, mechanisms of coordination that can ensure cooperation and trust, and an appropriate allocation of capital and other resources. Managerial decisions can lead to synergies (i.e.,...

Majority of the studies estimating productivity in the Indian organized manufacturing sector have reported a slowdown in productivity growth in the 1990s, baffling the analysts as this came in backdrop of major economic reforms that were initiated in 1991. Some felt that productivity could...

This article studies the structural changes in the composition of spun yarn, age of installed spindles and its impact on the efficiency and productivity of spindles. The methodology used here is different than the traditional production function approach. The percentage of excess installed...

In this note we provide a derivation of the Leontief production function from the CES. Our derivation is in the same spirit as the derivation of the Cobb Douglas form.