Abstract
The manufacturing sector has played a pivotal role for the development of the economies. It
generates jobs, earn foreign reserves by exports and serves domestic economy as well. Given the
importance of manufacturing sector, the performance measurement of this sector has been the
main interest of economists, researchers and policymakers. The objective of the present study is to
measure the performance of small, medium and large scale manufacturing industries. We utilized
non-parametric approach to measure the performance by using survey panel data during 1995-
2005. Further, for hypotheses testing, we use bootstrapping approach to test the null of
insignificant change in the performance measures. We found that small and large scale
manufacturing industries do not significantly change their technological frontier during the study
period, while, both are highly efficient due to the better operation and management. Further, for
high efficiency, the contribution of scale efficiency is larger as compare to the operation and
management in case of large scale manufacturing industries. On the other hand, medium scale
industries significantly shifted their technological frontier and adopted new technology or
innovations, this sector is also efficient due to the better operation and management. However,
the performance of all these manufacturing industries in terms of productivity change is not
satisfactory. We conclude that by and large, the manufacturing industry has been endeavoring to
improve its efficiency by expanding production with the help of available resources and
administrative strategies. The conspicuous element is that the firms are reluctant to put resources
into R&D which can shift production frontier upward
Asim Iqbal, Rana Tahir Naveed, Ahmad Mohmad Albassami, Mahsa Moshfegyan. (2020) Measuring the Performance of Small, Medium and Large Manufacturing in Punjab: A Bootstrapped Malmquist Index Analysis, Abasyn Journal of Social Sciences, Volume-13, Issue-1.
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