Publication

This study investigates the implications of unshackling global textile trade, following the phasing out of the Multi-Fibre Agreement in 2005, on the efficiency of Indian textiles firms. By employing the stochastic coefficients frontier approach, the authors estimate the overall and input specific efficiency values for 215 sample firms between 1993 and 2006. The results show that the average efficiency declined over the years, indicating inefficient use of inputs.