Some Comments on TFP and its Growth in India

Partha Dube

Bulgarian Economic Papers from Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski

Abstract: This paper considers the prospects for constructing a model of TFP of investment, technological progress and growth of the technological share in TFP that determines the nature of economic growth. Two models are considered: a model emphasising investment, technological progress and its impact on TFP and a model emphasising a relation of investment, TFP and growth of technological share in TFP through the experience process. The claims in mode 1 and model 2 presented here differ from those in most standard economic literature: the relation between investment and TFP is considered, the relation between technological efficiency and technological progress is established and their effect on TFP is shown. A quotient between technological progress and investment is constructed that hampers the growth of technological progress. This gives a caution to the financial institutions about the enhancement of the quotient.

Keywords: Total Factor Productivity; Investment; Technological Progress; India; Technological Efficiency; Growth (search for similar items in EconPapers)
JEL-codes: B22 D22 D24 O32 O43 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2021-07, Revised 2021-07
New Economics Papers: this item is included in nep-eff, nep-gro and nep-isf
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