A Stochastic Frontier Production Function Approach to Indian Textile Industry
Published: 2013
Author(s) Name: M. Manonmani |
Author(s) Affiliation: Prof. (Eco.),Avinashilingam Inst. for Home Sc. & Higher Edu. for Women Univ., Coimbatore,Tamil Nadu
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Abstract
This study examined the efficiency
of Indian textile industry
during 1991/92 - 2009 /10. The
maximum likelihood estimates for
productive efficiency showed
that in the single output case,
parameters of capital input were
positive and statistically significant.
Hence capital was the main
input factor for these industries
as its value was higher than labor.
The coefficients were statistically
significant though their
signs differed. The estimated levels
of output considerably differed
from their potential levels
due to factors which are within
the control of the industries. The
summation of the elasticities of
factors of production of 1.8419
indicated increasing returns- to
-scale. The industry recorded an
average technical efficiency of
0.941.The average technical inefficiency
was negligible.
Keywords: N.A.
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