Efficiency and productivity

Neoclassical economic theory predicts that agents or decision makers who perform below their ability won't survive in competitive markets. However, in reality many other factors, such as imperfect information and regulation, can cause inefficiency and damage productivity. Using quantitative methods such as regression analysis, we investigate whether there is inefficiency in certain sectors and identify its potential causes.

For instance, we consider the impact of deregulation of Indian banking in 1998 on the performance of Indian banks. Following the deregulation, foreign banks became less efficient on average, the proportion of banks with low level efficiency increased, and some private banks became highly inefficient. By contrast, state banks seem to have benefited from deregulation. 

Collaborations and partnerships

Our academic partners include the University of Nottingham, University of Alabama, University of Queensland, State University New York and KU Leuven in Belgium. 

Discover our areas of expertise

Efficiency and productivity is one of our 4 areas of expertise in our Economics research area – explore the others below.

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Browse our postgraduate research degrees – including PhDs and MPhils – at our Economics postgraduate research degrees page.