Market Distortions and Productivity Growth with Reference to India

Dibyendu Maiti ()

Economics Bulletin, 2012, vol. 32, issue 3, 2313-2319

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.

Keywords: Productivity Growth; Market Imperfections; Production Function; India (search for similar items in EconPapers)
JEL-codes: O4 (search for similar items in EconPapers)
Date: 2012-08-21
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