The study compares the performance of the oil refining PSEs of India between two stretches each spanning over nine years; one ending in 1999-00 – the APM regime – and the other beginning in the next year – the post-APM regime. The basic question being asked here is whether undoing of the...

Estimation of capital stock appropriate for productivity analyses is a tricky problem. PIM can at best be considered a passable estimate of the asset value of capital goods or the wealth stock. An alternative to the PIM is the OHSM. For a uniform exponential growth of investment there exist...