This study aims to estimate total factor productivity (TFP) growth for the post-2008 period for selected industries in the manufacturing sector at NIC 3-digit. Total factor productivity growth (TFPG) estimates are based on the theoretical framework provided by studies such Hall (1988), Abraham et al. (2009) and Crepon et al. (2005) that incorporate market imperfection in labour and product market, thereby modifying the traditional TFP estimation as Solow Residual.,Based on the theoretical model that incorporates market imperfections in labour as well as product market in modifying the TFP estimates using the Levinsohn–Petrin framework of empirical estimation, the authors have calculated industry wise TFPG for 62 industries at NIC 3-digit level.,The study finds three distinct trends: first, there are considerable industrial disparities in productivity growth in terms of TFP. The estimates have been found to be higher than the conventional Solow Residual for most industries, indicating the role played by market imperfections in affecting the conventional measure of productivity growth. Second, estimates of bargaining power are found to be lower than those compared to the earlier estimates in Maiti (2013) for the Indian organised manufacturing case for 1998-2005. This observation is commensurate with the observation in recent years of a falling share in labour wage in total output in organised manufacturing sector. Finally, the study also found a statistically significant contribution of greater mechanisation on TFPG while an adverse effect of the rising dependence of organised manufacturing on contractual labour.,The role of market imperfections in measuring TFPG has been undertaken, and it has been found to be an important factor, as the estimated measures vary from the conventional measures of TFPG. Moreover, the study has considered a very recent period from 2008-2015 in estimating TFPG, as well as analysing the factors behind the trends in TFPG at industrial level.

中文翻译：

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市场不完善下生产率增长的行业层面分析

本研究旨在估算 2008 年后制造业选定行业的全要素生产率 (TFP) 增长率为 NIC 3 位数。全要素生产率增长 (TFPG) 估计基于 Hall (1988)、Abraham 等人等研究提供的理论框架。(2009) 和 Crepon 等人。(2005) 将劳动力和产品市场中的市场不完善性纳入其中，从而将传统的 TFP 估计修改为 Solow Residual。，基于将劳动力和产品市场中的市场不完善性纳入使用 Levinsohn-Petrin 修改 TFP 估计的理论模型在实证估计框架中，作者计算了 62 个行业在 NIC 3 位数级别的行业明智 TFPG。该研究发现了三个不同的趋势：第一，就全要素生产率而言，生产率增长存在相当大的行业差异。对于大多数行业来说，估计值高于传统的索洛残差，表明市场不完善在影响生产率增长的传统衡量标准方面所起的作用。其次，议价能力的估计低于 Maiti（2013 年）对 1998-2005 年印度有组织制造案例的早期估计。这一观察结果与近年来观察到的有组织的制造业部门总产出中劳动工资的份额下降是相称的。最后，该研究还发现，更大程度的机械化对 TFPG 有统计上的显着贡献，而有组织的制造对合同劳动的依赖性日益增加的不利影响。市场不完善在衡量 TFPG 中的作用已经得到研究，并且被发现是一个重要因素，因为估计的衡量标准与 TFPG 的传统衡量标准不同。此外，该研究在估计 TFPG 以及分析工业层面 TFPG 趋势背后的因素时考虑了 2008-2015 年的最近时期。