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Market Distortions and Productivity Growth with Reference to India

Author

Listed:
  • Dibyendu Maiti

    (School of Economics, The University of the South Pacific)

Abstract

The paper studies how market imperfections distort the usual productivity growth using Indian disaggregated level of industrial data for the period of 1998-2005. A modified approach, which has dealt with the imperfections and simultaneity problems of factor choice, accounts for a lower productivity growth than the usual estimate.

Suggested Citation

  • Dibyendu Maiti, 2012. "Market Distortions and Productivity Growth with Reference to India," Economics Bulletin, AccessEcon, vol. 32(3), pages 2313-2319.
    • Handle: RePEc:ebl:ecbull:eb-12-00207
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2012/Volume32/EB-12-V32-I3-P223.pdf
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    References listed on IDEAS

    as
    1. James Levinsohn & Amil Petrin, 2003. "Estimating Production Functions Using Inputs to Control for Unobservables," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 70(2), pages 317-341.
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    More about this item

    Keywords

    Productivity Growth; Market Imperfections; Production Function; India;
    All these keywords.

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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