2020
DOI: 10.4038/cbj.v11i1.57
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Microeconomic and Macroeconomic Determinants of Efficiency: Evidence from Indian Manufacturing Sub-Sectors

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, Pharm… Show more

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Cited by 2 publications
(5 citation statements)
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“…Large sized firms are in a better position to exploit the economies of scale which enables the firms to attain greater level of efficiency as compared to the smaller ones. In addition to this, large sized firms also enjoy greater bargaining power in the factor market and easy access to credits (Maji et al, 2020a). The outcome of the study supports this theoretical proposition (Firth et al, 2015;Lundvall & Battese, 2000;Söderbom & Teal, 2004;Halkos & Tzeremes, 2007).…”
Section: Table 4 : Determinants Of Efficiency Of Construction and Engsupporting
confidence: 72%
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“…Large sized firms are in a better position to exploit the economies of scale which enables the firms to attain greater level of efficiency as compared to the smaller ones. In addition to this, large sized firms also enjoy greater bargaining power in the factor market and easy access to credits (Maji et al, 2020a). The outcome of the study supports this theoretical proposition (Firth et al, 2015;Lundvall & Battese, 2000;Söderbom & Teal, 2004;Halkos & Tzeremes, 2007).…”
Section: Table 4 : Determinants Of Efficiency Of Construction and Engsupporting
confidence: 72%
“…Moreover, the positive impact of PF also indicates that the firms could handle the challenges emanating from the increase in the price level. It may be due to the fact the during inflation the firms become more disciplined and organised so as to reduce the impact of increasing price through higher level of efficiency (Maji, 2018a). Therefore, the overall effect of the principal component 'PF' was noticed to be positive and statistically significant on the level of efficiency of the construction and engineering firms during the period of study.…”
Section: Table 4 : Determinants Of Efficiency Of Construction and Engmentioning
confidence: 94%
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