Productivity Growth in Some Energy Intensive Manufacturing Industries in India : An analytical Assessment
Sarbapriya Ray
Abstract
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Sarbapriya Ray
Abstract
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This paper estimates productivity performance of India's energy intensive industries in terms of total factor productivity growth for the entire period, 1979-80 to 2003-04.The productivity performance has been judged in view of translog indices under three input framework-material, labour and capital and a model has been evolved for assessing energy intensity in those industries.The result on the overall productivity shows declining total factor productivity growth during post-reform period as compared to pre-reform period.Total output growth in India's energy intensive an industry is found to be mainly input-driven rather than productivity-driven.The liberalization process is found to have its adverse impact on total factor productivity growth.
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This paper estimates productivity performance of India's energy intensive industries in terms of total factor productivity growth for the entire period, 1979-80 to 2003-04.The productivity performance has been judged in view of translog indices under three input framework-material, labour and capital and a model has been evolved for assessing energy intensity in those industries.The result on the overall productivity shows declining total factor productivity growth during post-reform period as compared to pre-reform period.Total output growth in India's energy intensive an industry is found to be mainly input-driven rather than productivity-driven.The liberalization process is found to have its adverse impact on total factor productivity growth.
Key concepts: Productivity, Total factor productivity, Liberalization, Economics, Capital intensity, Partial productivity, Multifactor productivity, Capital (architecture)