S.N. Rajesh Raj

Bio: S.N. Rajesh Raj is an academic researcher. The author has contributed to research in topics: Total factor productivity & Growth accounting. The author has an hindex of 2, co-authored 3 publications receiving 14 citations.

Growth and productivity performance of small manufacturing enterprises (SMEs)

Abstract: Purpose – The purpose of this paper is to examine the performance of small manufacturing enterprises (SMEs) in India during the pre‐reforms (prior to 1991) and reforms period (1991 onwards) with focus on 15 major states from different levels of development.Design/methodology/approach – In order to capture variation across different categories of states, 15 major states in India have been classified into high‐, middle‐ and low‐income states. Further, to capture productivity growth in the sector during the pre‐reforms and reforms period, both partial factor productivity and total factor productivity method (growth accounting approach) have been adopted. The analysis is based on different rounds of nationwide survey conducted by the National Sample Survey Organization (NSSO) of the Government of India during 1978‐2001.Findings – The findings of the study reveal erosion in growth of output in the SMEs during the reforms period as compared to the pre‐reforms period with variation across different categories of...

Trends in regional industrial growth in India

Abstract: Purpose – The purpose of this paper is to provide a profile of regional industrial growth in wake of the competition among Indian states to accelerate the pace of industrialization. The results indicate tendency towards concentration of manufacturing activities even in the reform era.Design/methodology/approach – The attempt is to compare trends since 1991 to the earlier decade and decipher the extent of the effectiveness of policy changes in disbursing industrial activity regionally.Findings – The paper finds that organized manufacturing activity is concentrated in few states. The early movers continue to dominate cornering substantial share of the national industrial investments and production. Even in an era of market reforms the trend continues. This indicates a degree of “path dependence” in industrialization in the economy. There seems to be slight dispersal of activities in the unorganized segment. New forms of organization of production have fostered industrial growth in the unorganized segment. H...

The Validity of Gibrat's Law in Developed and Developing Countries (2008–2013): Comparison based Assessment

Abstract: The Gibrat's Law of Proportionate Effect, indicated that the growth rate of a given firm is independent of its size at the beginning of the examined period. While earlier studies tended to confirm the Law, more recent research generally rejects it. This paper aims to highlight important empirical studies that performed analysis of Gibrat's Law in which about 50 papers were taken into account for this study. The main objective of this paper is to investigate the validity of Gibrat's Law in developing countries based in developed countries. In this paper the literature on Gibrat's Law was reviewed based on three types of empirical results: the first type accepts Gibrat's Law, the second type rejects Gibrat's Law, and the third classification reconciles both acceptance and rejection of Gibrat's Law. It was found that in most of the manufacturing sector, Gibrat's Law fails to hold but for the service sector Gibrat's law was valid. Additionally, only a few empirical studies have investigated Gibrat's law in developing countries; most of the studies have been conducted in developed countries. Furthermore, most of the empirical studies that have been applied in the developed countries rejected the Gibrat's Law. Finally, based on the features of SMEs that it's a labour intensive, and has the ability to absorb a lot of labour due to the low cost of creating job opportunities for both developed and developing countries. From this overview, it can be deduced that it is possible to implement the law for developing countries, which in turn could probably have the same result that the Gibrat's Law is not valid as smaller firms tend to grow faster than larger firms.

Influence of basic research investment on corporate performance: Exploring the moderating effect of human capital structure

Abstract: The purpose of this paper is to add to the existing research about how corporate performance is influenced by their basic research (BR) investment. On this basis, the authors examined the moderating effect of human capital structure (HCS) on the relationship between BR investment and corporate performance.,Hypotheses were tested using static and dynamic models to analyze a large-scale data of Chinese A-share listed companies.,This study provides empirical evidence that contributes to the research about how private BR investment influences corporate performance in the digital age. In addition, human resource is an important dynamic ability for enterprise development. Based on the dynamic capability theory, further research finds that the human resources practice on the knowledge stock can enhance the company’s dynamic capability, thereby enhancing the company’s core competitiveness.,The results may be affected by the context of the data set. This study considers the influence of private research investment type on corporate performance, further studies considering the influence of specific contextual variables, such as corporate industry differences, could yield richer insights that would help validate the results of this study.,This study provides useful information for managers. As well as increasing the investment in the BR of enterprise and creating the necessary conditions to increase the competitiveness of enterprise, they should strive to adjust the structure and quality of researchers involved in BR projects.,This research contributes to the enterprise’s BR investment and the management of human capital resource. It points that the investment of BR positively influences the corporate performance. In addition, the increasing of high-skilled labor’s proportion positively promotes the promotion of BR investment on corporate performance.

The Economy of Modern India: From 1860 to the Twenty-First Century

Abstract: Preface to the second edition Preface to the first edition 1. Introduction: growth and development in the long run 2. Agriculture, 1860-1950: land, labour and capital 3. Trade and manufacture, 1860-1945: firms, markets and the colonial state 4. The state and the economy, 1939-80 5. Breaking the mould? Economic growth since 1980 Index.

Quality, productivity and business performance in home based brassware manufacturing units

Abstract: Purpose – This paper examines the ways in which the concepts of “quality”, “productivity” and “business performance” are dealt in the literature to exhibit that terms used within these fields are vaguely defined and poorly understood. The purpose of this paper is to define quality, productivity and business performance along with their linkages for home-based brassware manufacturing units. Design/methodology/approach – This paper reviews related academic literature mostly since past ten years. Findings – This paper clarifies meaning and linkages of quality, productivity and business performance in home-based brassware manufacturing units. Research limitations/implications – The meaning and interpretations of quality, productivity and business performance may differ for other manufacturing units. Practical implications – This paper highlights determinants of quality, productivity and business performance using key performance areas as applied explicitly for home-based brassware manufacturing units. The sys...

Lean manufacturing and productivity changes: the moderating role of R&D

Abstract: The purpose of this paper is to empirically investigate the effect of lean manufacturing on productivity changes and to identify the root sources of productivity changes. Furthermore, the authors explore the moderating effects of research and development (R&D) to examine the relationship between lean manufacturing and productivity changes.,This paper employs the propensity score matching (PSM) model combined with the difference-in-difference (DID) estimation to overcome the selectivity bias. The Malmquist productivity index is used to capture productivity changes. By analyzing 671 Chinese manufacturing listed firms from 2009 to 2014, the moderating effects of R&D on the relationship between lean manufacturing and productivity changes are measured.,The results reveal that lean manufacturing implementation has non-significant effects on productivity changes in principle, while a detailed analysis indicates that lean manufacturing could improve scale efficiency significantly. While engaged in R&D could significantly improve the efficiency of technological changes for lean manufacturing implementation firms, there exist negative effects on pure technical efficiency.,This research only covers manufacturing listed firms in China. Further studies should extend the generalizability of the findings.,This study helps managers to identify the important role of R&D on the relationship between lean manufacturing and productivity changes and provides insights into how to improve the lean manufacturing performance.,This paper appears to be one of the earliest studies on the relationship between lean manufacturing and productivity changes by applying the PSM combined with DID estimation in Chinese manufacturing environment.