This article contributes to the debate on the efficacy of traditional forms of education versus vocational training. The effects of technical education (leading to an engineering degree or diploma) and vocational training in engineering on the performance of Indian firms are analysed using regression models based on the Cobb–Douglas production function, enhanced to incorporate education and training. Instrumental variable approach is used to establish the direction of causality. It is found that that when a larger share of workers in a particular sector has a college or university-level technical education or vocational education in technical fields, there is a positive impact on firm performance in those sectors. Further, higher education in a general field seems to consistently benefit the organised manufacturing sector, while some levels of school education appear to benefit the unorganised sectors.

JEL codes: I-23; L-60; M-53

本文有助于就传统形式的教育与职业培训的功效进行辩论。使用基于Cobb–Douglas生产函数的回归模型分析了技术教育（获得工程学学位或文凭）和工程技术职业培训对印度公司绩效的影响，并通过回归模型进行了改进，以纳入教育和培训。工具变量法用于建立因果关系的方向。结果发现，当特定部门中较大比例的工人接受技术领域的大学或大学水平的技术教育或职业教育时，会对这些部门的公司绩效产生积极影响。此外，一般领域的高等教育似乎始终有益于有组织的制造业，

JEL代码： I-23；L-60；M-53