credit markets. Due to the financial imperfections, high-productivity firms - which are run by entrepreneurs - must be …

Using state-level data from India over the period 1983 to 2005, this paper gauges the effect of financial deepening and …

India was a major player in the world export market for textiles in the early 18th century, but by the middle of the 19 …th century it had lost all of its export market and much of its domestic market. Other local industries also suffered … some decline, and India underwent secular de-industrialization as a consequence. While India produced about 25% of world …

globalization and stronger protection of intellectual property are analysed. It is shown that globalization leads to more copying of … intellectual property protection has the opposite steady-state effects and thus serves to moderate the effects of globalization. …

aspects of globalization are studied: increases in the size of the South (i.e., countries like China joining the world trading …

Most conventional accounts of India’s recent economic performance associate the pick-up in economic growth with the …

In the course of ordinary business, commercial banks frequently encounter entrepreneurs seeking loans for the purpose … of financing new or continuing projects. These entrepreneurs are frequently unrealistic, their perception having been … relationship between banks and possible optimistic entrepreneurs. We examine this capital market from the stand-point of economic …