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Please use this identifier to cite or link to this item: http://repository.iitr.ac.in/handle/123456789/22744
Title: Assessing total factor productivity growth of the passenger-bus transit systems in Indian metropolitan cities using the sequential Malmquist-Luenberger productivity index approach
Authors: Gulati, Rachita
Published in: Applied Economics Letters
Abstract: This article examines the patterns of total factor productivity (TFP) growth in eight state-owned passenger bus companies operating in major metropolitan cities of India. A state-of-the-art and innovative sequential Malmquist-Luenberger productivity index (SMLPI) approach is applied to compute unbiased estimates of TFP growth and its decomposed components. The empirical results based on the panel data set for the period 2011–2016 suggest that technical inefficiency is a common characteristic of bus companies providing passenger services in metropolitan cities. The analysis of TFP growth at the aggregate level reveals that the public bus transit system placed in Indian metropolitan cities experiences mild productivity regress, which is entirely attributable to efficiency loss. The disaggregated analysis provides that only four bus companies experience productivity gains throughout the sample period. Pune Mahamandal appears to be the most innovative bus company. © 2020 Informa UK Limited, trading as Taylor & Francis Group.
Citation: Applied Economics Letters, 28(4): 274-280
URI: https://doi.org/10.1080/13504851.2020.1751799
http://repository.iitr.ac.in/handle/123456789/22744
Issue Date: 2021
Publisher: Routledge
Keywords: Accidents
metropolitan bus operators
sequential Malmquist-Luenberger productivity index
total factor productivity
ISSN: 13504851
Author Scopus IDs: 26221190300
Author Affiliations: Gulati, R., Indian Institute of Technology Roorkee, Department of Humanities and Social Sciences, Roorkee, India
Corresponding Author: Gulati, R.; Indian Institute of Technology Roorkee, India; email: rgfhsfhs@iitr.ac.in
Appears in Collections:Journal Publications [HS]

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