Development : A Study of the Indian Manufacturing Industry
If infrastructure tends to generate spillover externalities, as has been the assumption in much of the development literature, one may reasonably look for evidence of such indirect effects in the accounts of manufacturing industries. Empirical supp...
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| Format: | Journal Article |
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Oxford University Press on behalf of the World Bank
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2006/05/17753352/development-study-indian-manufacturing-industry http://hdl.handle.net/10986/16443 |
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okr-10986-164432021-04-23T14:03:29Z Development : A Study of the Indian Manufacturing Industry Hulten, Charles Bennathan, Esra Srinivasan, Sylaja manufacturing industrial policy productivity infrastructure Solow productivity residual If infrastructure tends to generate spillover externalities, as has been the assumption in much of the development literature, one may reasonably look for evidence of such indirect effects in the accounts of manufacturing industries. Empirical support for this assumption has so far been ambiguous. This analysis of Indian data, however, reveals substantial externality effects from the states' infrastructure to manufacturing productivity. The analysis separates the direct effects of roads and electricity, as mediated by the infrastructure services purchased by manufacturing industries along with other intermediate inputs, from the indirect effects, as measured by the impact of infrastructure capacity on the Solow productivity residual. In the 20 years from 1972 to 1992, growth of road and electricity-generating capacity seems to have accounted for nearly half the growth of the productivity residual of India's registered manufacturing. 2013-12-20T21:32:24Z 2013-12-20T21:32:24Z 2006-05-04 Journal Article http://documents.worldbank.org/curated/en/2006/05/17753352/development-study-indian-manufacturing-industry World Bank Economic Review doi:10.1093/wber/lhj007 http://hdl.handle.net/10986/16443 English en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Oxford University Press on behalf of the World Bank Publications & Research :: Journal Article Publications & Research :: Journal Article South Asia India |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
manufacturing industrial policy productivity infrastructure Solow productivity residual |
| spellingShingle |
manufacturing industrial policy productivity infrastructure Solow productivity residual Hulten, Charles Bennathan, Esra Srinivasan, Sylaja Development : A Study of the Indian Manufacturing Industry |
| geographic_facet |
South Asia India |
| description |
If infrastructure tends to generate
spillover externalities, as has been the assumption in much
of the development literature, one may reasonably look for
evidence of such indirect effects in the accounts of
manufacturing industries. Empirical support for this
assumption has so far been ambiguous. This analysis of
Indian data, however, reveals substantial externality
effects from the states' infrastructure to
manufacturing productivity. The analysis separates the
direct effects of roads and electricity, as mediated by the
infrastructure services purchased by manufacturing
industries along with other intermediate inputs, from the
indirect effects, as measured by the impact of
infrastructure capacity on the Solow productivity residual.
In the 20 years from 1972 to 1992, growth of road and
electricity-generating capacity seems to have accounted for
nearly half the growth of the productivity residual of
India's registered manufacturing. |
| format |
Journal Article |
| author |
Hulten, Charles Bennathan, Esra Srinivasan, Sylaja |
| author_facet |
Hulten, Charles Bennathan, Esra Srinivasan, Sylaja |
| author_sort |
Hulten, Charles |
| title |
Development : A Study of the Indian Manufacturing Industry |
| title_short |
Development : A Study of the Indian Manufacturing Industry |
| title_full |
Development : A Study of the Indian Manufacturing Industry |
| title_fullStr |
Development : A Study of the Indian Manufacturing Industry |
| title_full_unstemmed |
Development : A Study of the Indian Manufacturing Industry |
| title_sort |
development : a study of the indian manufacturing industry |
| publisher |
Oxford University Press on behalf of the World Bank |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2006/05/17753352/development-study-indian-manufacturing-industry http://hdl.handle.net/10986/16443 |
| _version_ |
1764433428902576128 |