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Papers by Sanja Samirana Pattnayak
Looking at financial crises not as one crisis, but as a combination of crises beginning with a cr... more Looking at financial crises not as one crisis, but as a combination of crises beginning with a crisis of confidence, this book examines the backward and forward linkages of turmoil in the financial system to political regimes and institutions, culture and tradition, the role of media, society and societal evolution, and development processes of regulatory regimes. Through contributions by authors in fields ranging from sociology, political science, psychology and Media, Islamic banking, Law and Regulation, this study adopts a broad framework for understanding financial crises, and sheds light on the interwoven and complex structures and often overlooked aspects which contribute to the holistic understanding of this topic.
The World Economy, 2014
ABSTRACT In this paper, we examine whether firms become productive by learning through exporting.... more ABSTRACT In this paper, we examine whether firms become productive by learning through exporting. To this end, we estimate the production function using microdata of Indian manufacturing firms operating in the period 1991–2001. In contrast to studies on developed countries, our results provide evidence that Indian manufacturing firms are experiencing a rise in productivity through entering export markets and thus experience the learning effect. We also find that there is a productivity rise prior to exporting. Therefore, our results also support the self-selection mechanism for exporting.
Informit is an online service offering a wide range of database and full content publication prod... more Informit is an online service offering a wide range of database and full content publication products that deliver the vast majority of Australasian scholarly research to the education, research and business sectors. Informit is the brand that encompasses RMIT Publishing's online products ...
Applied Economics, 2010
Page 1. Applied Economics, 2010, 42, 197209 Economic liberalization and productivity for selecte... more Page 1. Applied Economics, 2010, 42, 197209 Economic liberalization and productivity for selected Indian manufacturing industries: a panel cointegration approach Sanja Samirana Pattnayak* and Shandre M. Thangavelu ...
Economic Modelling, 2005
This paper studies the effects of the key economic reforms of 1991 on the Indian manufacturing in... more This paper studies the effects of the key economic reforms of 1991 on the Indian manufacturing industries using a panel of manufacturing industries. A Translog cost function is used to analyze the production structure in terms of biased technical change and economies of scale. A panel consisting of 121 Indian manufacturing industries from 1982 to 1998 was used in our estimation. The results of our paper support the evidence that there are economies of scale (only moderate) in the Indian manufacturing industries and it has been exploited after the key economic reforms in 1991. Most of the industries in our study revealed bias technology change and majority of the industries have experienced capital-using technical change. This suggests that the key economic reforms of liberalizing the capacity licensing regime that allows greater investment in capital goods will have a positive impact on productive performance of the industries if the price of capital does not substantially increase after the economic reforms. We observe TFP improvements for most of the industries after the 1991 reform initiatives, which support the evidence of improvements in economic efficiency after the key reform initiatives of the 1991.
The paper examines the presence of spillovers to domestic firms from the activities of foreign fi... more The paper examines the presence of spillovers to domestic firms from the activities of foreign firms through backward and horizontal linkages in the Indian pharmaceutical industry. A comprehensive panel data consisting of nearly 200 firms from 1989 to 2000 is used in the current study. The recent semi-parametric estimation methods as suggested by and that accounts for the endogeneity in the input demand are adopted in the study. Our results suggest the existence of positive and significant horizontal spillover in the Indian pharmaceutical industry. However, we also found negative and significant spillovers from the backward linkages with foreign firms. This suggests that full foreign ownership results in negative externalities to domestic firms in upstream sectors in the pharmaceutical industry. The negative spillovers from the backward linkages suggest the possibility of large technology and efficiency gap between local and foreign firms in the Indian pharmaceutical industry. The sustain growth of the industry in the globally competitive environment depends on narrowing the technology and efficiency gap between local and foreign firms. The institutional arrangements that protect intellectual property rights such as product patents as opposed to patents for protecting processes will be important for establishing linkages and spillovers for local and foreign firms in the Indian pharmaceutical industry.
The paper examines the spillover and linkage effects from the presence of foreign firms in the In... more The paper examines the spillover and linkage effects from the presence of foreign firms in the Indian pharmaceutical industry. A comprehensive panel data consisting of nearly 200 firms from 1989 to 2000 was used in the current study. The recent semi-parametric estimation methods as suggested by and were adopted to account for the endogeneity in the input demand. Our results suggest the existence of positive and significant spillover from the foreign equity ownership in the Indian pharmaceutical industry. However, we also found negative and significant spillovers from the backward linkages with foreign firms. The negative spillovers from the backward linkages suggest the possibility of large technology and efficiency gap between local and foreign firms. The results also suggest that institutional arrangements that protect intellectual property rights such as product patents as opposed to process patents will be important for establishing positive linkages and spillovers between local and foreign firms in the Indian pharmaceutical industry.
Journal of Economic Studies, 2011
Purpose This paper aims to examine production linkage and technology spillovers due to the pres... more Purpose This paper aims to examine production linkage and technology spillovers due to the presence of foreign firms in the Indian pharmaceutical industry. Design/methodology/approach This study employs the semi-parametric estimation method suggested by Olley and Pakes ...
This paper studies the effects of the key economic reforms of 1991 on the Indian manufacturing in... more This paper studies the effects of the key economic reforms of 1991 on the Indian manufacturing industries using a panel of manufacturing industries. A Translog cost function is used to analyze the production structure in terms of biased technical change and economies of scale. A panel consisting of 121 Indian manufacturing industries from 1982 to 1998 was used in our estimation. The results of our paper support the evidence that there are economies of scale (only moderate) in the Indian manufacturing industries and it has been exploited after the key economic reforms in 1991. Most of the industries in our study revealed bias technology change and majority of the industries have experienced capital-using technical change. This suggests that the key economic reforms of liberalizing the capacity licensing regime that allows greater investment in capital goods will have a positive impact on productive performance of the industries if the price of capital does not substantially increase after the economic reforms. We observe TFP improvements for most of the industries after the 1991 reform initiatives, which support the evidence of improvements in economic efficiency after the key reform initiatives of the 1991.
The paper examines the spillover and linkage effects from the presence of foreign firms in the In... more The paper examines the spillover and linkage effects from the presence of foreign firms in the Indian pharmaceutical industry. A comprehensive panel data consisting of nearly 200 firms from 1989 to 2000 was used in the current study. The recent semi-parametric estimation methods as suggested by and were adopted to account for the endogeneity in the input demand. Our results suggest the existence of positive and significant spillover from the foreign equity ownership in the Indian pharmaceutical industry. However, we also found negative and significant spillovers from the backward linkages with foreign firms. The negative spillovers from the backward linkages suggest the possibility of large technology and efficiency gap between local and foreign firms. The results also suggest that institutional arrangements that protect intellectual property rights such as product patents as opposed to process patents will be important for establishing positive linkages and spillovers between local and foreign firms in the Indian pharmaceutical industry.
Looking at financial crises not as one crisis, but as a combination of crises beginning with a cr... more Looking at financial crises not as one crisis, but as a combination of crises beginning with a crisis of confidence, this book examines the backward and forward linkages of turmoil in the financial system to political regimes and institutions, culture and tradition, the role of media, society and societal evolution, and development processes of regulatory regimes. Through contributions by authors in fields ranging from sociology, political science, psychology and Media, Islamic banking, Law and Regulation, this study adopts a broad framework for understanding financial crises, and sheds light on the interwoven and complex structures and often overlooked aspects which contribute to the holistic understanding of this topic.
The World Economy, 2014
ABSTRACT In this paper, we examine whether firms become productive by learning through exporting.... more ABSTRACT In this paper, we examine whether firms become productive by learning through exporting. To this end, we estimate the production function using microdata of Indian manufacturing firms operating in the period 1991–2001. In contrast to studies on developed countries, our results provide evidence that Indian manufacturing firms are experiencing a rise in productivity through entering export markets and thus experience the learning effect. We also find that there is a productivity rise prior to exporting. Therefore, our results also support the self-selection mechanism for exporting.
Informit is an online service offering a wide range of database and full content publication prod... more Informit is an online service offering a wide range of database and full content publication products that deliver the vast majority of Australasian scholarly research to the education, research and business sectors. Informit is the brand that encompasses RMIT Publishing's online products ...
Applied Economics, 2010
Page 1. Applied Economics, 2010, 42, 197209 Economic liberalization and productivity for selecte... more Page 1. Applied Economics, 2010, 42, 197209 Economic liberalization and productivity for selected Indian manufacturing industries: a panel cointegration approach Sanja Samirana Pattnayak* and Shandre M. Thangavelu ...
Economic Modelling, 2005
This paper studies the effects of the key economic reforms of 1991 on the Indian manufacturing in... more This paper studies the effects of the key economic reforms of 1991 on the Indian manufacturing industries using a panel of manufacturing industries. A Translog cost function is used to analyze the production structure in terms of biased technical change and economies of scale. A panel consisting of 121 Indian manufacturing industries from 1982 to 1998 was used in our estimation. The results of our paper support the evidence that there are economies of scale (only moderate) in the Indian manufacturing industries and it has been exploited after the key economic reforms in 1991. Most of the industries in our study revealed bias technology change and majority of the industries have experienced capital-using technical change. This suggests that the key economic reforms of liberalizing the capacity licensing regime that allows greater investment in capital goods will have a positive impact on productive performance of the industries if the price of capital does not substantially increase after the economic reforms. We observe TFP improvements for most of the industries after the 1991 reform initiatives, which support the evidence of improvements in economic efficiency after the key reform initiatives of the 1991.
The paper examines the presence of spillovers to domestic firms from the activities of foreign fi... more The paper examines the presence of spillovers to domestic firms from the activities of foreign firms through backward and horizontal linkages in the Indian pharmaceutical industry. A comprehensive panel data consisting of nearly 200 firms from 1989 to 2000 is used in the current study. The recent semi-parametric estimation methods as suggested by and that accounts for the endogeneity in the input demand are adopted in the study. Our results suggest the existence of positive and significant horizontal spillover in the Indian pharmaceutical industry. However, we also found negative and significant spillovers from the backward linkages with foreign firms. This suggests that full foreign ownership results in negative externalities to domestic firms in upstream sectors in the pharmaceutical industry. The negative spillovers from the backward linkages suggest the possibility of large technology and efficiency gap between local and foreign firms in the Indian pharmaceutical industry. The sustain growth of the industry in the globally competitive environment depends on narrowing the technology and efficiency gap between local and foreign firms. The institutional arrangements that protect intellectual property rights such as product patents as opposed to patents for protecting processes will be important for establishing linkages and spillovers for local and foreign firms in the Indian pharmaceutical industry.
The paper examines the spillover and linkage effects from the presence of foreign firms in the In... more The paper examines the spillover and linkage effects from the presence of foreign firms in the Indian pharmaceutical industry. A comprehensive panel data consisting of nearly 200 firms from 1989 to 2000 was used in the current study. The recent semi-parametric estimation methods as suggested by and were adopted to account for the endogeneity in the input demand. Our results suggest the existence of positive and significant spillover from the foreign equity ownership in the Indian pharmaceutical industry. However, we also found negative and significant spillovers from the backward linkages with foreign firms. The negative spillovers from the backward linkages suggest the possibility of large technology and efficiency gap between local and foreign firms. The results also suggest that institutional arrangements that protect intellectual property rights such as product patents as opposed to process patents will be important for establishing positive linkages and spillovers between local and foreign firms in the Indian pharmaceutical industry.
Journal of Economic Studies, 2011
Purpose This paper aims to examine production linkage and technology spillovers due to the pres... more Purpose This paper aims to examine production linkage and technology spillovers due to the presence of foreign firms in the Indian pharmaceutical industry. Design/methodology/approach This study employs the semi-parametric estimation method suggested by Olley and Pakes ...
This paper studies the effects of the key economic reforms of 1991 on the Indian manufacturing in... more This paper studies the effects of the key economic reforms of 1991 on the Indian manufacturing industries using a panel of manufacturing industries. A Translog cost function is used to analyze the production structure in terms of biased technical change and economies of scale. A panel consisting of 121 Indian manufacturing industries from 1982 to 1998 was used in our estimation. The results of our paper support the evidence that there are economies of scale (only moderate) in the Indian manufacturing industries and it has been exploited after the key economic reforms in 1991. Most of the industries in our study revealed bias technology change and majority of the industries have experienced capital-using technical change. This suggests that the key economic reforms of liberalizing the capacity licensing regime that allows greater investment in capital goods will have a positive impact on productive performance of the industries if the price of capital does not substantially increase after the economic reforms. We observe TFP improvements for most of the industries after the 1991 reform initiatives, which support the evidence of improvements in economic efficiency after the key reform initiatives of the 1991.
The paper examines the spillover and linkage effects from the presence of foreign firms in the In... more The paper examines the spillover and linkage effects from the presence of foreign firms in the Indian pharmaceutical industry. A comprehensive panel data consisting of nearly 200 firms from 1989 to 2000 was used in the current study. The recent semi-parametric estimation methods as suggested by and were adopted to account for the endogeneity in the input demand. Our results suggest the existence of positive and significant spillover from the foreign equity ownership in the Indian pharmaceutical industry. However, we also found negative and significant spillovers from the backward linkages with foreign firms. The negative spillovers from the backward linkages suggest the possibility of large technology and efficiency gap between local and foreign firms. The results also suggest that institutional arrangements that protect intellectual property rights such as product patents as opposed to process patents will be important for establishing positive linkages and spillovers between local and foreign firms in the Indian pharmaceutical industry.