India's iron and steel industry: Productivity, energy efficiency and carbon emissions

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Historical estimates of productivity growth in India's iron and steel sector vary from indicating an improvement to a decline in the sector's productivity. The variance may be traced to the time period of study, source of data for analysis, and type of indices and econometric specifications used for reporting productivity growth. The authors derive both growth accounting and econometric estimates of productivity growth for this sector. Their results show that over the observed period from 1973--74 to 1993--94 productivity declined by 1.71{percent} as indicated by the Translog index. Calculations of the Kendrick and Solow indices support this finding. Using a ... continued below

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Medium: P; Size: 54 pages

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Schumacher, Katja & Sathaye, Jayant October 1, 1998.

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Description

Historical estimates of productivity growth in India's iron and steel sector vary from indicating an improvement to a decline in the sector's productivity. The variance may be traced to the time period of study, source of data for analysis, and type of indices and econometric specifications used for reporting productivity growth. The authors derive both growth accounting and econometric estimates of productivity growth for this sector. Their results show that over the observed period from 1973--74 to 1993--94 productivity declined by 1.71{percent} as indicated by the Translog index. Calculations of the Kendrick and Solow indices support this finding. Using a translog specification the econometric analysis reveals that technical progress in India's iron and steel sector has been biased towards the use of energy and material, while it has been capital and labor saving. The decline in productivity was caused largely by the protective policy regarding price and distribution of iron and steel as well as by large inefficiencies in public sector integrated steel plants. Will these trends continue into the future, particularly where energy use is concerned? Most likely they will not. The authors examine the current changes in structure and energy efficiency undergoing in the sector. Their analysis shows that with the liberalization of the iron and steel sector, the industry is rapidly moving towards world-best technology, which will result in fewer carbon emissions and more efficient energy use in existing and future plants.

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Medium: P; Size: 54 pages

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OSTI as DE00753016

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  • Other Information: PBD: 1 Oct 1998

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  • Report No.: LBNL--41844
  • Grant Number: AC03-76SF00098
  • DOI: 10.2172/753016 | External Link
  • Office of Scientific & Technical Information Report Number: 753016
  • Archival Resource Key: ark:/67531/metadc711428

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Office of Scientific & Technical Information Technical Reports

Reports, articles and other documents harvested from the Office of Scientific and Technical Information.

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  • October 1, 1998

Added to The UNT Digital Library

  • Sept. 12, 2015, 6:31 a.m.

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  • April 4, 2016, 1:16 p.m.

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Schumacher, Katja & Sathaye, Jayant. India's iron and steel industry: Productivity, energy efficiency and carbon emissions, report, October 1, 1998; Berkeley, California. (digital.library.unt.edu/ark:/67531/metadc711428/: accessed December 15, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.