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Vinod Kumar

Bio: Vinod Kumar is an academic researcher from Indian Institute of Management Indore. The author has contributed to research in topics: Total factor productivity. The author has an hindex of 1, co-authored 1 publications receiving 2 citations.

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TL;DR: Schumpeter argued that entrepreneurial finance causes the absorption of innovation in the economy and productivity growth as discussed by the authors, however, previous empirical work reported an insignificant relationship between entrepreneurial finance and innovation.
Abstract: Schumpeter argued that entrepreneurial finance causes the absorption of innovation in the economy and productivity growth. Previous empirical work, however, reported an insignificant relationship b...

2 citations


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TL;DR: In this article, the authors used the Data Envelopment Analysis (DEA) approach to measure China's total factor productivity change and its two components (i.e., efficiency change and technical progress).
Abstract: Financial development may lead to productivity improvement in developing countries. In this paper, based on the Data Envelopment Analysis (DEA) approach, we use the Malmquist index to measure China's total factor productivity change and its two components (i.e., efficiency change and technical progress). We find that China has recorded an increase in total factor productivity from 1993 to 2001, and that productivity growth was mostly attributed to technical progress, rather than to improvement in efficiency. Moreover, using panel data set covering 29 Chinese provinces over the period of 1993-2001 and applying the Generalized-Method-of-Moment system estimation, we investigate the impact of financial development on productivity growth in China. Empirical results show that, during this period, financial development has significantly contributed to China's productivity growth, mainly through its favourable effect on efficiency.

18 citations