Volume : V, Issue : XII, December - 2015

Does Policy leads to Structural change in the Small and Medium Enterprises in India

Alok Kumar Pandey

Abstract :

The present study analyses the structural changes in the Small and Medium Enterprises in India for the period 1973–2012. Data for the present study has been taken from the RBI Handbook of Statistics on Indian Economy and Annul Reports of the MSMEs. For the eakpoints in the series we have used “strucchange” programme developed by Zeileis, Kleiber, Kramer and Hornik (2003) in R and for the stationarity ADF and PP test have been used. The OLS based CUSUM test suggests two different points for the structural changes for the linear model and Cobb Douglas Production function Model. For the linear model the structural change was in the year 1988 and for the C D Production function Model the structural change is found in the year 1996.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Alok Kumar Pandey Does Policy leads to Structural change in the Small and Medium Enterprises in India Indian Journal of Applied Research, Vol.5, Issue : 12 December 2015

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