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Measurement and Sharing of Productivity Gains: A Case of Indian Cement Industry
P. K. Sawhney
Indian Journal of Industrial Relations
Vol. 3, No. 2 (Oct., 1967), pp. 173-182
Stable URL: http://www.jstor.org/stable/27760739
Page Count: 10
You can always find the topics here!Topics: Productivity, Cement industry, Raw materials, Economic capital, Fixed capital, Capital gains, Prices, Industrial productivity, Return on capital, Human capital
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An attempt has been made by the author to provide a framework for the measurement of productivity gains and to examine their sharing among the beneficiaries with the help of the CIM and the ASI data for the Indian cement industry for the period 1950-1961. The analysis of factor sharing of productivity gains shows that while labour and suppliers of raw materials secured substantial gains, capital could not. As a matter of fact, the prices of raw materials and labour moved much faster in relation to output prices, so as to exceed the total productivity gains. As a result the owners of capital actually had to pay towards the increasing gains of labour and suppliers of raw materials. Since this is an exploratory exercise, the validity of the results cannot be judged. However, to the extent that the methodology and results are reliable the prospects of cement industry do not appear bright.
Indian Journal of Industrial Relations © 1967 Shri Ram Centre for Industrial Relations and Human Resources