Total Factor Productivity Trends in India: A Conventional Approach
Published: Jan 1, 2014
Abstract
The study attempts to estimate the aggregate Total Factor Productivity (TFP) for the Indian economy using the conventional growth accounting method. It has been observed that on an average the TFP has grown by 1.49 per cent during the study period but it is erratic in nature. Although during 1960s average the TFP growth in India was positive, it was very low and almost close to zero. Similarly, the economy experienced technological regress...
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