| dc.description.abstract | In response to our comment (EPW,
December 31, 1994) on the paper by
Balkrishnan and Pushpangadan (hcnceforth
BP 1994), the authors have sought a few
clarifications on the numbers we have
estimated using their data (EPW, March 4,
1995). In their reply [BP 1995] they have
also repeated some results already reported
intheiroriginal paper [BP 1994] and claimed
it to be substantial further work which
strengthens their finding of no turn-around
during the 1980s in the total factor
productivity (TFP) growth in the Indian
registered manufacturing sector. Moreover,
they have ignored and tried to minimise the
genuine limitations of the method of double
deflation by referring to the ideal conditions
which are hardly ever obtained or are
practically non-feasible even in the most
advanced countries. Here, we would like to
provide the necessary clarifications on the
method and data used by us to estimate the
TFPG in the Indian Registered Manufacturing
Sector through the double deflation
method; and also examine BP'sclaim( 1995)
of further support to their findings of no
turn-around during the 1980s. | |
