Bogart, Dan; Chaudhary, Latika - In: The Journal of Economic History 73 (2013) 02, pp. 339-370
Railways were integral to the development of the Indian economy before World War I. This article presents new estimates of total factor productivity (TFP) for railways from 1874 to 1912, which highlight the strong performance of this key industrial sector. Railway-industry TFP growth was...