Post Liberalization Growth in TFP of Selected Indian Manufacturing Industries: A Stochastic Frontier Decomposition Analysis
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Abstract
This dissertation establishes a stochastic frontier for six Indian manufacturing industries.
Three models are established and decomposed: the cross-section model, the time invariant
model and the time varying decaying model. All three models have been used to check the
robustness of the results. The analysis uses CMIE data which is in panel data frame work.
The major finding is that most industries have declined in their technical efficiency and Total
factor productivity. The implementation has been done using STATA11