Trade Liberalisation, Market Power and Scale Efficiency in Indian Industry

dc.contributor.author	Balakrishnan, Pulapre
dc.contributor.author	Pushpangadan, K*
dc.contributor.author	Suresh Babu, M.*
dc.date.accessioned	2015-04-17T11:26:08Z
dc.date.available	2015-04-17T11:26:08Z
dc.date.issued	2002-08
dc.identifier.uri	http://hdl.handle.net/2259/347
dc.description	Working Paper Series, 336, CDS	en_US
dc.description.abstract	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 manrket power and/or an improvement in scale efficiency. We estimate a group-wise production function allowing for firm-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 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 improvment in scale efficiency is not widespread across Indian manufacturing.	en_US
dc.language.iso	en	en_US
dc.publisher	Centre for Development Studies, Thiruvananthapuram	en_US
dc.subject	Trade Liberalisation	en_US
dc.subject	Market Power	en_US
dc.subject	Scale Economies	en_US
dc.title	Trade Liberalisation, Market Power and Scale Efficiency in Indian Industry	en_US
dc.type	Working Paper	en_US