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Productivity growth in Indian engineering industries during pre-reform and post-reform period an analysis at company level

Kumari, Anita

Description

Since July 1991, major economic policy changes have been made under the economic reforms programme. The new policies have relaxed or removed many government controls on production capacity, imported capital goods, intermediate inputs and technology. These reforms have altered the economic environment in which the companies operate. This paper makes a comparative analysis of productivity growth of engineering companies in India in the pre-reform and post-reform periods. The study is based on...[Show more]

dc.contributor.authorKumari, Anita
dc.coverage.spatialANU, Canberra, Australia
dc.coverage.temporalNovember 19-20, 2001
dc.date.accessioned2003-07-22
dc.date.accessioned2004-05-19T07:42:31Z
dc.date.accessioned2011-01-05T08:25:17Z
dc.date.available2004-05-19T07:42:31Z
dc.date.available2011-01-05T08:25:17Z
dc.date.created2001
dc.identifier.urihttp://hdl.handle.net/1885/40330
dc.identifier.urihttp://digitalcollections.anu.edu.au/handle/1885/40330
dc.description.abstractSince July 1991, major economic policy changes have been made under the economic reforms programme. The new policies have relaxed or removed many government controls on production capacity, imported capital goods, intermediate inputs and technology. These reforms have altered the economic environment in which the companies operate. This paper makes a comparative analysis of productivity growth of engineering companies in India in the pre-reform and post-reform periods. The study is based on company level balanced panel data relating to Indian engineering industries, electrical and non-electrical groups, for the pre-reform period of 1985-86 to 1990-91 and post- reform period of 1991-92 to 1994-95. The study reveals that productivity growth of engineering industry had declined in the post- reform period as compared to the pre-reform period. The paper also analyses factors affecting company level productivity growth in the two periods. Various factors are considered to explain inter-company variations in productivity growth during the two periods. The analysis reveals that output growth had a significant positive impact on productivity growth in both the periods. Foreign equity participation had a significant negative relationship with productivity growth in both the periods. Thus domestic companies had a higher productivity growth as compared to foreign owned companies in both the periods. Intermediate inputs imports had a strong positive effect on productivity growth in the post-reform period.
dc.format.extent105595 bytes
dc.format.extent357 bytes
dc.format.mimetypeapplication/pdf
dc.format.mimetypeapplication/octet-stream
dc.language.isoen_AU
dc.publisherASARC
dc.relation.ispartofseriesExamining ten years of economic reforms in India
dc.subjectIndia
dc.subjecteconomic reform
dc.subjectproductivity growth
dc.subjectengineering industry
dc.subjectoutput growth
dc.subjecttrade policy
dc.subjectTFPG
dc.titleProductivity growth in Indian engineering industries during pre-reform and post-reform period an analysis at company level
dc.typeConference paper
local.description.refereedno
local.identifier.citationyear2001
local.identifier.eprintid1748
local.rights.ispublishedyes
dc.date.issued2001
CollectionsANU Research Publications

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