A01=T.T. Ram Mohan
Author_T.T. Ram Mohan
banks
Category=KJVD
comparative performance Indian industries
deregulation policy analysis
Disinvestment Commission
economic liberalisation
English Auction
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
factor
governance in transition economies
growth
High Shareholding
Indian Private Sector
Input Output Quantities
Malmquist Index
Malmquist Productivity Index
Malmquist Total Factor Productivity
Malmquist Total Factor Productivity Index
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NA NA NA
NA NA NA NA
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Net Worth
Observed Input Output Data
Post-privatisation Performance
private
Private Sector Banks
productivity
PSBs
public
public sector efficiency
Public Sector Firms
sale
Sealed Bid Auction
sector
Shenzhen Stock Exchanges
Standard Auctions
state owned enterprises
strategic
Strategic Sale
strategic sale methods
TFP Growth
total
Total Factor Productivity Growth
Product details
- ISBN 9780415331913
- Weight: 600g
- Dimensions: 156 x 234mm
- Publication Date: 02 Mar 2005
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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Over the past decade India has been undertaking a programme of economic reform, and at the same time the economy has been growing at a high rate. As part of the reform programme, and in line with prevailing economic thinking, India has been privatising its large, ungainly public sector. One assumption underlying this programme is the dogma that public sector enterprises are doomed to inefficiency, and that competitive market forces can be relied on to make firms more efficient once they are privatised. But is this really true?
Combining rigorous data analysis with case studies to provide a balanced evaluation of the process of deregulation and privatisation within the overall context of economic reforms, the author demonstrates, remarkably, that, contrary to the prevailing view, private sector firms do not outperform public sector firms across all sectors. He also shows that revenue-raising considerations have weighed more heavily with the government than efficiency objectives. Overall, this study of the reform process in India, with its unique longstanding mix of private and public sectors, will be of great interest to all those studying reform and transition worldwide.
T. T. Ram Mohan is Associate Professor at the Indian Institute of Management, Ahmedabad. Prior to entering academics, Professor Ram Mohan had a varied career in consulting, banking and investment banking. He has also been New York Corrrespondent for The Economic Times, India's leading financial daily, for which he now writes a fortnightly column.
