Paper Industry in India: Production Structure and Productivity Growth

This book deals with estimation of a variable cost function and production characteristics such as capacity utilization, scale economies, mark-up and substitution elasticities. It provides empirical results on these characteristics by considering data from the Indian paper industry. A major finding is that the negative productivity growth registered by the Indian paper industry could be due to underutilization of capacity and declining scale economies. The book is by an author who has the experience of teaching through distance mode of learning, which emphasizes development of self-explanatory print materials. This helps him in explaining the subject matter lucidly; stuff that is terse and available in fragments in various journals.