IDEAS home Printed from https://ideas.repec.org/a/dse/indecr/0071.html
   My bibliography  Save this article

Reform Raises Efficiency of Oil Refining Public Sector Enterprises in India

Author

Listed:
  • DATTA, MADHUSUDAN

    (University of Kalyani, West Bengal, India)

  • NEOGI, CHIRANJIB

    (Indian Statistical Instutute, Kolkata, West Bengal, India)

Abstract

The study compares the performance of the oil refining PSEs of India between two stretches each spanning over nine years; one ending in 1999-00 – the APM regime – and the other beginning in the next year – the post-APM regime. The basic question being asked here is whether undoing of the APM led to improvement in technical efficiency of the public sector refineries. The study uses stochastic frontier approach and introduces heterogeneity of companies. Use of service capital index, rather than the asset values, as capital input in the production function is an important innovation of the present study. It concludes that the relaxation of regulatory constraint on the public sector refineries by undoing the APM has paid off even within the corporate framework of public sector enterprises.

Suggested Citation

  • Datta, Madhusudan & Neogi, Chiranjib, 2013. "Reform Raises Efficiency of Oil Refining Public Sector Enterprises in India," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 48(2), pages 239-262.
    • Handle: RePEc:dse:indecr:0071
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Datta, Madhusudan, 2019. "Manufacturing sector in the Indian economy: Output-value added symbiosis," Journal of Asian Economics, Elsevier, vol. 63(C), pages 75-87.
    2. Maity, S., 2017. "Reform Raises Efficiency of Tea Estates in India," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 9(2), June.
    3. Datta, Madhusudan, 2019. "Technological progress and sectoral shares in GDP: An analysis with reference to the Indian economy," Structural Change and Economic Dynamics, Elsevier, vol. 51(C), pages 260-269.

    More about this item

    Keywords

    APM; Service Capital Index; Technical Efficiency; Farm-heterogeneity;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dse:indecr:0071. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Pami Dua (email available below). General contact details of provider: https://edirc.repec.org/data/deudein.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.