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dc.contributor.authorBalakrishnan, Pulapre
dc.contributor.authorPushpangadan, K.
dc.contributor.authorBabu, M. Suresh
dc.identifier.citationBalakrishnan, Pulapre, K. Pushpandadan & M.Suresh Babu (2002) Trade liberalisation, market power and scale efficiency in Indian industry. CDS working papers, no.336. Trivandrum: CDS.en_GB
dc.description.abstractUsing 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 market power and/or an improvement in scale 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 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 improvement in scale efficiency is not widespread across Indian manufacturing. JEL Classification: F12 Key words: Trade liberalisation; Market power; Scale Economiesen_GB
dc.publisherCentre for Development Studiesen_GB
dc.relation.ispartofseriesCDS working papers;336
dc.subjectEconomic Developmenten_GB
dc.titleTrade liberalisation, market power and scale efficiency in Indian industryen_GB
dc.typeSeries paper (non-IDS)en_GB
dc.rights.holderCentre for Development Studiesen_GB

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