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This paper examines the impact of the deregulation of compulsory industrial licensing in India on firm size dynamics … and reallocation of resources within industries. Following deregulation, resource misallocation declines and the left … deregulation on firm size are significantly non-linear. The reallocation of market shares toward a small number of large firms and …
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Ease of entry is crucial to well-functioning electricity markets. This paper investigates the patterns of entry in the generation segment of the electricity industry of OECD countries and seeks to provide an understanding of their key determinants. It aims to derive implications for the design...
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Using plant level panel data on Korean manufacturing during the 1990-98 period, this study tries to assess the role of entry and exit in enhancing aggregate productivity, both qualitatively and quantitatively. The main findings of this study are summarised as follows. First, plant entry and exit...
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This paper reviews recent studies on the links between competition, innovation and productivity growth in the long run. From a long-run perspective, one can see that gains from competition-enhancing regulatory reform are likely to exceed static gains observed in the short run since firms will...
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