Manufacturing Productivity Growth in India: Revisiting Verdoorn’s Law
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CHAKRAVORTY S K (EDITOR) PRODUCTIVITYSummary: The literature concerning the study of manufacturing productivity has resorted to the Total Factor Productivity (TFP) to examine the dynamism within the manufacturing sector. But in contrast to the conventional practice, the Smithian generalization of 'Division of labour' to Young's critique to the concept as well as the promotion of increasing returns to scale, gives us a different dynamic view of looking at the productivity change and technical progress. The paper intends to look into the vulnerability of the basic Verdoorn's law in the present post-reform scenario which gives a strong back-up to the righteous conceptualization of the classical and the cumulative causation theorist. [ABSTRACT FROM AUTHOR]
| Item type | Current library | Call number | Vol info | Status | Date due | Barcode | Item holds | |
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Journal Article
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Main Library | Vol 58, No 1/ 5557362JA4 (Browse shelf(Opens below)) | Available | 5557362JA4 | ||||
Journals and Periodicals
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Main Library On Display | JOURNAL/OPERATION/Vol 58, No 1/5557362 (Browse shelf(Opens below)) | Vol 58, No 1 (01/04/2017) | Not for loan | 5557362 |
The literature concerning the study of manufacturing productivity has resorted to the Total Factor Productivity (TFP) to examine the dynamism within the manufacturing sector. But in contrast to the conventional practice, the Smithian generalization of 'Division of labour' to Young's critique to the concept as well as the promotion of increasing returns to scale, gives us a different dynamic view of looking at the productivity change and technical progress. The paper intends to look into the vulnerability of the basic Verdoorn's law in the present post-reform scenario which gives a strong back-up to the righteous conceptualization of the classical and the cumulative causation theorist. [ABSTRACT FROM AUTHOR]
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