Bhaumik, Sumon Kumar; Kumbhakar, Subal C. - In: Journal of Asian Economics 21 (2010) 2, pp. 219-232
It is generally believed that the structural reforms that were introduced in India following the macro-economic crisis of 1991 ushered in competition and forced companies to become more efficient. However, whether the post-1991 growth is an outcome of more efficient use of resources or greater...