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| Volume 8, No. 2,
August 2009 |
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Comparing the Efficiency and
Productivity of the Indian Pharmaceutical Firms: A Malmquist-Meta-Frontier
Approach |
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| Mainak
Mazumdar |
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Centre for Economic Studies and Policy,
Institute for Social and Economic Change, Bangalore, India |
| Meenakshi
Rajeev |
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Centre for Economic Studies and Policy,
Institute for Social and Economic Change, Bangalore, India |
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| Abstract |
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This paper
examines the technical efficiency, technological gap ratio, and
productivity change of Indian pharmaceutical firms across different
groups. The groups are formed based on size, strategies, and product
varieties. The analysis indicates that vertically integrated firms
that produce both bulk drug and formulation exhibit higher
technological innovation and efficiency. However, in contrast with
popular belief, the analysis reveals that increased export earnings
do not necessarily lead to higher efficiency. |
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Key words:
data envelopment analysis; efficiency; global frontier; group
frontier;
pharmaceutical; technological gap ratio;
Malmquist productivity index |
| JEL
classification:
C14; C61; D21; L6 |
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