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...