Abstract Applying a Stochastic Production Frontier to sector-level data within manufacturing sector in India, this paper examines Total Factor Productivity (TFP) growth during 1979-80 to 1997-98. The analysis focuses on the trend of technical progress (TP) and Technical Efficiency Change (TEC)....

Abstract Applying a Stochastic Production Frontier to sector-level data within manufacturing sector in India, this paper examines Total Factor Productivity (TFP) growth during 1979-80 to 1997-98. The analysis focuses on the trend of technical progress (TP) and Technical Efficiency Change (TEC)....

This study contributes to the stock returns-inflation relation literature in developing countries by revisiting the issue with reference to an emerging economy, namely India. More specifically, it tests whether the Indian stock market provides an effective hedge against inflation using monthly...

Although the medical tourism is a recent phenomenon, this sector grows exponentially and emerges as a major force for the growth of services exports worldwide. India is one of the major players in this industry. Soaring medical costs, high insurance premiums, increasing number of uninsured and...

This study tests for the stationarity of aggregate output (GDP at factor cost) and its three major components, namely GDP agriculture, GDP industry and GDP services in the presence of structural breaks during 1950-51 to 2011-12. Results indicate that (i) the GDP has three break points; (ii) GDP...

Economic growth has failed to be sufficiently inclusive, particularly after the mid-nineties. Although agriculture is still a single major sector providing livelihood to more than 60 percent of the population, it has lost its growth momentum and the share has been declining continuously for a...

As health is a state subject and merit good, the state Governments in India spend increased amounts on it. However, the health outcomes vary across the states. This study measures the efficiency of Indian states in raising health outcomes, using the stochastic frontier methodology for panel data...