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Productivity Trends in India's Manufacturing Sectors in the Last Two Decades
Author:
Mr. Bulent Unelnull

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Series:
IMF Working Papers
Volume/Issue:
Volume 2003: Issue 022
Language:
English
Publication Date:
01 Jan 2003
DOI:
https://doi.org/10.5089/9781451843996.001
ISBN:
9781451843996
ISSN:
1018-5941
Pages:
25
Keywords:
WP; productivity trend; growth rate; Labor productivity; factor productivity; productivity performance; productivity analysis; productivity literature; TFP contribution; productivity change; Productivity; Total factor productivity; Manufacturing; Capital productivity
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Starting in the late 1970s, the Indian authorities implemented a series of reforms aimed at exposing the economy to greater competition and at liberalizing key aspects of economic activity. This paper investigates productivity trends in India's (registered) manufacturing sectors during the 1980s and 1990s. The main findings of the paper are (i) labor and total factor productivity (TFP) growth in total manufacturing and many of the component sectors since 1980 were markedly higher than that in the preceding two decades, although the extent of the acceleration in TFP growth depends critically on the underlying assumptions about factor elasticities and the assumed structure of the production function; (ii) productivity growth for total manufacturing as well as for many subsectors picked up further after the 1991 reforms; and (iii) classification of the best performing sectors and the weakest performing sectors, based on comparative TFP, remains robust to changes in underlying assumptions.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2003: Issue 022