The liberalization process undertaken by the Indian economy in recent times has thrown up many challenges. This paper investigates the factors explaining industrial efficiency in India and whether there has been a change in these factors since liberalization was ushered in 1991. This paper...

Recent theoretical work predicts that an important margin of adjustment to deregulation or trade reforms is the reallocation of output within firms through changes in their product mix. Empirical work has accordingly shifted its focus towards multi-product firms and their product mix decisions....