Majumdar, Rumki - In: International Journal of the Economics of Business 17 (2010) 2, pp. 253-273
growth (TFPG) and thereby to output growth. Contrary to expectations, we found that none of the four sectors in the industry … achieved impressive growth in capital productivity and TFPG despite the new economic reforms. The firms emphasised … technological progress at the cost of technical efficiency change but failed to sustain TFPG as the liberalization of policies …