This paper examines the impact of Ramp;D and FDI on firm growth for a panel data of Indian manufacturing firms. We argue that besides age and size, FDI and Ramp;D are essential determinants of firm growth. We use GMM estimation for fixed effects panel data models to control for endogenity of...

In developing countries, industries are often plagued with power shortages. In response, some firms make their own electric power but most of the others do not. Why do we observe such divergent behavior in the decision to self-generate? Previous literature focuses on factor demand and marginal...

After two decades of attempts to deregulate the Indian power sector and bring in more competition, the question we are asking is: why has private investment not flooded in as expected? We analyze the problem using an economics of governance framework which suggests that various organizational...

This paper tests the impact of institutional quality on the performance of thermal power sector in India. We estimate a translog inefficiency effects stochastic frontier model using plant age, plant capacity and an index of regulatory governance as determinants of inefficiency. The dataset...