1Associate Professor of Economics, Midnapore College (Autonomous), Midnapore Dist.Paschim Medinipur (W.B.). Email: prasanta.agnik@gmail.com
2Professor, Department of Economics, Vidyasagar University, Midnapore, Paschim Medinipur (W.B.), Email: sebakjana@yahoo.co.in
3SACT, Department of Economics, Midnapore College (Autonomous), Midnapore Dist.Paschim Medinipur, Email: dev.kumar.nayek1987@gmail.com
Online published on 30 January, 2023.
The study estimates total factor productivity growth (TFPG) and its constituents of the 4-digit manufacturing industries of transport equipments in India throughout 1998-99 to 2017-18, the pre-economic crises period (1998-99 to 2007-08) and the post-economic crises period (2008-09 to 2017-18) using frontier approaches, i.e., Data Envelope Analysis (DEA) and Stochastic Frontier Approach (SFA). The constituents of TFPG are technological progress (TP), technical efficiency change (TEC) and economic scale change (SC). It is found that TFPG in a majority of the 4-digit industries of transport equipments in India have declined during the post-economic crisis period (2008-09 to 2017-18) and the decline of their TFPG is responsible for the decline in TP of the same throughout that period as per SFA; while as per DEA, TFPG of the four industries under study have increased and of the remaining industries have declined during the post-economic crises period (2008-09 to 2017-18) and their increase and/or decline are mainly accountable to the increase and/or decline in TEC and SC of them, throughout that period.
4-Digit manufacturing industries, Transport equipments, Data envelope analysis, Stochastic frontier approach, Total factor productivity growth, Technological progress, Technical efficiency change, Economic scale change
