We show that foreign capital liberalization reduces capital misallocation and increases
aggregate productivity for affected industries in India. The staggered liberalization of access …

This paper discusses the importance of an “integrated approach” to the study of the effects of
FDI on host countries. Macro-level work that examines countries at different stages of …

An ongoing debate in employment policy is whether promoting small and medium
enterprises creates jobs. We use the elimination of small-scale industry (SSI) promotion in …

Business groups emerged in developing economies through direct or indirect support from
the state in order to overcome a variety of institutional voids and/or to further state objectives …

Industrialization drives the sustained growth in jobs and productivity that marks the
developmental take-off of most developed economies. Yet, academics and policy makers …

This paper provides a comprehensive analytical account of the major industrial policies in
India since independence. It identifies three phases: 1948–1980, a period characterised by …

This chapter develops a framework with which to interpret and survey answers to the
question: how does increased openness affect aggregate welfare in a typical developing …

Among the prominent economic trends in recent decades is the exponential increase in
flows of goods and capital driven by technological progress and falling of restrictions. A key …

Resource misallocations between firms have been found to have substantial impacts on the
aggregate total factor of productivity. This study examines the impacts of a real estate boom …

The Indian government has a number of ambitious economic and energy related initiatives
including increasing access to electricity (“24X7 Power for All”), greater economic activity …