Productivity Measurement of Steel Industry in India


Affiliations

  • C.S.J.M. University, Institute of Business Management, Kanpur, 208024, India
  • Shri Mata Vaishno Devi University, School of Business Economics, College of Management, India

Abstract

The study examines the technical efficiency and total factor productivity of firm of steel industry in India by employing data envelopment based Malmquist productivity approach. The empirical result of the study reveals that the firms are technically efficient and are experiencing improvement in efficiency score and productivity growth during the study period. Result on total factor productivity reveals that both efficiency and technology change components are responsible for the improvement in the productivity of firms. Besides, the study also unearths the need to focus on the determinants that are statistically contributing to various inefficiencies for the firms in the Indian steel industry.

Keywords

Malmquist Productivity Index, Steel Industry, Technical Efficiency, Total Factor Productivity.

Subject Discipline

Operations/production management

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