Microeconomic and Macroeconomic Determinants of Efficiency: Evidence from Indian Manufacturing Sub-Sectors

Kumar Maji, Sumit; Laha, Arindam; Sur, Debasish

dc.contributor.author	Kumar Maji, Sumit
dc.contributor.author	Laha, Arindam
dc.contributor.author	Sur, Debasish
dc.date.accessioned	2021-01-07T10:34:40Z
dc.date.available	2021-01-07T10:34:40Z
dc.date.issued	2020-06
dc.identifier.issn	2579-2210
dc.identifier.issn	1800-363x
dc.identifier.uri	http://220.247.247.85:8081/handle/123456789/36811
dc.description.abstract	In this paper an effort was made to evaluate the level of efficiency of the firms that belong to the selected manufacturing sub-sectors in India for the period 1999-2000 to 2013- 2014 using Stochastic Frontier Analysis. Subsequently, the microeconomic and macroeconomic determinants of efficiency were analysed applying Panel Censored Tobit Regression Model. The study revealed that Electrical Equipment sub-sector was found to be the most efficient sector followed by the sub-sectors Auto Parts and Equipment, Pharmaceutical and Biotechnology, Chemicals, Textile, Food products and Steel respectively. The study also showed that leverage, size of the firm, age of the firm, openness of the firm (microeconomic) and inflation (macroeconomic) made notable contribution towards changing the level of efficiency of manufacturing firms during the study period. However, their contributions were not the same in all sub-sectors under study	en_US
dc.language.iso	other	en_US
dc.publisher	Faculty of Management & Finance, University of Colombo	en_US
dc.relation.ispartofseries	Volume. 11;No. 01
dc.subject	Efficiency	en_US
dc.subject	Manufacturing Sub-sectors	en_US
dc.subject	Stochastic Frontier Analysis	en_US
dc.title	Microeconomic and Macroeconomic Determinants of Efficiency: Evidence from Indian Manufacturing Sub-Sectors	en_US
dc.type	Article	en_US
dc.identifier.accno	45741	en_US