Decomposition of Technological Change and Factor Bias in Indian Power Sector: An Unbalanced Panel Data Approach |
| |
Authors: | Bhattacharyya Anjana Bhattacharyya Arunava Mitra Krishna |
| |
Affiliation: | (1) Centre for Urban Economic Studies, Department of Economic, University of Calcutta, Calcutta, India;(2) Department of Agricultural Economics/204, University of Nevada, Reno, Nevada, 89557–0105;(3) Department of Economics, University of Burdwan, Burdwan, W.B., India |
| |
Abstract: | Technological change and factor bias in the Indian power sector are analyzed using a translog cost function. Various components of technological progress and factor bias are identified and estimated, using a 21 year unbalanced panel data of Indian states and union territories. Heterogeneity across states is incorporated in the model using a variance component model. Appropriate corrections are made for unbalanced panel data. Empirical results show that the annual average rate of technological progress has been 2.4% for the country as a whole. Accumulation of knowledge and increasing scale are found to be the major factors contributing to technological progress. In contrast, the effects of factor price changes and fixed capital accumulation on technological progress have been unfavorable. Pure factor bias measure indicate saving in the use of fuel and labor, and increased use of materials. Tests are performed to check the curvature properties of the underlying technology. |
| |
Keywords: | Technological change factor bias power unbalanced panel data random effect model |
本文献已被 SpringerLink 等数据库收录! |
|