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Books > Business & Economics > Business & management > Ownership & organization of enterprises
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Capacity Realization and Productivity Growth in a Developing Country - Has Economic Reform Had Impact? (Paperback)
Loot Price: R1,019
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Capacity Realization and Productivity Growth in a Developing Country - Has Economic Reform Had Impact? (Paperback)
Series: Routledge Revivals
Expected to ship within 12 - 17 working days
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First published in 1999. Firms in manufacturing industries are
influenced by the market-oriented liberalization reform policies in
many developing countries since the late eighties. However, studies
applying appropriate methodology to appropriate data seldom analyze
the impact of reforms on the performance of production units such
as manufacturing firms. The central point of this book is to
address this issue by comparing firms' achievement with 'best
practice' performance before and after reforms. This form of
analysis is not new but it emphasizes a new focus or realignment of
thinking within neoclassical economics to develop an analytical
framework. This book examines the productivity growth of Bangladesh
manufacturing firms as component measures of changes in capacity
realization and technical progress. The significant feature of this
approach is that it allows for the inefficiency of firms, and thus
productivity growth is estimated rather than taking it as a
residual as is usually measured in the traditional growth
accounting approach. High rates of technological progress, on the
one hand, can co-exist with low rates of capacity realization. On
the other hand, relatively low rates of technological progress can
co-exist with an improving capacity realization. As a result
specific policy actions are required to address the difference in
the sources of variation in productivity. In this respect this book
would provide invaluable insights for policy makers, development
practitioners, academics and students of economics.
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