TRADE LIBERALISATION, MARKET POWER AND SCALE EFFICIENCY IN INDIAN INDUSTRY

Using information on listed firms in each of the industry groups at the two-digit level within Manufacturing this study investigates whether the radical shift in trade policy in India in 1991 resulted in a reduction in market power and/or an improvement in scale efficiency. We estimate a group-wise...

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Bibliographic Details
Main Author: Pulapre Balakrishnan Pushpangadan, K and Suresh Babu, M
Format: Printed Book
Published: Centre for Development Studies-WP336 2002
Subjects:
INDIA SCALE ECONOMIES
Online Access:http://10.26.1.76/ks/00257.pdf
LEADER 011780000a22001450004500
100 |a Pulapre Balakrishnan Pushpangadan, K and Suresh Babu, M 
245 |a TRADE LIBERALISATION, MARKET POWER AND SCALE EFFICIENCY IN INDIAN INDUSTRY 
260 |c 2002 
260 |b Centre for Development Studies-WP336 
520 |a Using information on listed firms in each of the industry groups at the two-digit level within Manufacturing this study investigates whether the radical shift in trade policy in India in 1991 resulted in a reduction in market power and/or an improvement in scale efficiency. We estimate a group-wise production function allowing for firm-specific effects. A plausible estimate of market power is obtained and the assumption of constant returns to scale is mostly rejected. As regards the effects of the trade-policy shock of 1991, evidence of a move to a more competitive market structure or of an improvement in scale efficiency is not widespread across Indian manufacturing. 
650 |a INDIA SCALE ECONOMIES 
856 |u http://10.26.1.76/ks/00257.pdf 
942 |c KS 
999 |c 69646  |d 69646 
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