Comparing the Efficiency and Productivity of the Indian Pharmaceutical Firms: A Malmquist-Meta-Frontier Approach

Mainak Mazumdar and Meenakshi Rajeev ()
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Mainak Mazumdar: Centre for Economic Studies and Policy, Institute for Social and Economic Change, Bangalore, India

International Journal of Business and Economics, 2009, vol. 8, issue 2, 159-181

Abstract: This paper examines the technical efficiency, technological gap ratio, and productivity change of Indian pharmaceutical firms across different groups. The groups are formed based on size, strategies, and product varieties. The analysis indicates that vertically integrated firms that produce both bulk drug and formulation exhibit higher technological innovation and efficiency. However, in contrast with popular belief, the analysis reveals that increased export earnings do not necessarily lead to higher efficiency.

Keywords: data envelopment analysis; efficiency; global frontier; group frontier; pharmaceutical; technological gap ratio; Malmquist productivity index (search for similar items in EconPapers)
JEL-codes: C14 C61 D21 L6 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (13)

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