Liberalisation, Productivity and Competition-The Missing Links

Liberalisation, Productivity and Competition: A Panel Study of Indian Manufacturing by V Srivastava; Oxford University Press, 1996.
PRODUCTIVITY, the main source of modern economic growth, has once again been discussed and debated in India in the context of recent economic reforms. With productivity growth and increasing competitiveness becoming the key issues in the industrial reform process, measurement of total factor productivity (TFP) has become a growing industry by itself. Different data sets and methodologies have been tried out culminating in the debate over the growth of TFP in the 1980s. In this brief review, we highlight some of the contentious issues emerging from the latest addition by Srivastava to this ever growing literature. We divide this review into two sections. A synopsis of the book is presented in section I. In section 2, the major micro-level findings of the study are compared and contrasted with the macro-level data in order to bring out areas for future research.