Original Article
Maritime Economics & Logistics (2006) 8, 366–386. doi:10.1057/palgrave.mel.9100164
Total Factor Productivity Growth: Indian Ports in the Era of Globalisation
Prabir De1
1Research and Information System for Developing Countries (RIS), Zone 4B, Fourth Floor, India Habitat Centre, Lodhi Road, New Delhi 110 003, India. E-mail: prabirde@hotmail.com
Abstract
Globalisation has led to the increasing importance of port performance. Productivity and efficiency are the two important concepts in measuring performance. The present study aims to assess the total factor productivity (TFP) growth of the Indian port sector. TFP is a measure of technological change in industry. This study shows that ports in India are becoming more capital intensive in the post-liberalisation period, and except one, the rest of all Indian ports came out with statistically significant TFP changes in last quarter century. The study also finds that, contrary to popular belief, the economic climate in post-reform period has yet to make any substantial impact on the performance of Indian ports in terms of the most popular measure of performance, TFP.
Keywords:
Total factor productivity, ports, globalisation, efficiency, technology, labour productivity
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