Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/142594 
Authors: 
Year of Publication: 
2010
Series/Report no.: 
EERI Research Paper Series No. 32/2010
Publisher: 
Economics and Econometrics Research Institute (EERI), Brussels
Abstract: 
Using data on 2-digit industry for 1981-2004, the study examines the association between growth in total factor productivity and economic reforms. Accordingly, we first compute industry-level productivity growth using advanced econometric techniques and thereafter ascertain the time frame over which economic reforms impact productivity. The evidence suggests that productivity growth is not reliably higher after reforms than prior to reforms. In addition, the findings indicate that it is primarily the interest rate channel that is important in explaining changes in productivity. Among macroeconomic policies, trade reforms and industrial delicensing appear to be instrumental in explaining productivity changes.
Subjects: 
Economic reforms
total factor productivity
Levinsohn Petrin
Indian manufacturing
JEL: 
D24
L60
O47
Document Type: 
Working Paper

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