The Changing Role of Technological Factors in Explaining Efficiency in Indian Firms

• DOI: 10.1353/jda.2007.0010
• Publication Date: 2007-04-01T13:00:24Z
• Authors: Saon Ray
• Keywords: 0502 economics and business; 05 social sciences; 8. Economic growth

The liberalization process undertaken by the Indian economy in recent times has thrown up many challenges. This paper investigates factors explaining industrial efficiency India and whether there been a change these since was ushered 1991. of firms during period 1991 to 2001, using concept frontier production functions. Estimates inefficiency have obtained for 23 industry groups Capitaline Ole′ database three years 1991, 1995 2001. We find that variables relating external competition technology flow from outside such as royalty payments, exports import raw materials become significant year 2001 which were not so