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following deregulation. Deregulation also amplifies bank credit from productive private firms to inefficient SOEs due mainly to …Using proprietary individual level loan data, this paper explores the economic consequences of the 2009 bank entry … deregulation in China. Such deregulation leads to higher screening standards, lower interest rates, and lower delinquency rates for …
Persistent link: https://www.econbiz.de/10012479745
The deregulation of securities laws|in particular the National Securities Markets Improvement Act (NSMIA) of 1996|has …
Persistent link: https://www.econbiz.de/10012480262
We empirically and theoretically study the effects of capital flows on resource allocation within sectors and cross-sectors. Novel data on service firms - in addition to manufacturing firms - allows us to assess two channels of resource reallocation. Capital inflows lower the relative price of...
Persistent link: https://www.econbiz.de/10012481566
In this paper we reconsider the evidence on capital account liberalization and growth. While we find indications of a positive association, the effects vary with time, with how capital account liberalization is measured, and with how the relationship is estimated. The evidence that the effects...
Persistent link: https://www.econbiz.de/10012470268
Recent theoretical work predicts that an important margin of adjustment to deregulation or trade reforms is the … detailed firm-level data from India, we provide the first evidence on the patterns of multi-product firm production in a large …-section, multi-product firms in India look remarkably similar to their U.S. counterparts, confirming the predictions of recent …
Persistent link: https://www.econbiz.de/10012464518
Most conventional accounts of India's recent economic performance associate the pick-up in economic growth with the …
Persistent link: https://www.econbiz.de/10012468317
) promotion in India to address this question. For 60 years, SSI promotion in India focused on reserving certain products for …, productivity, and wages of dismantling India's SSI reservations. We exploit variation in the timing of de-reservation across …
Persistent link: https://www.econbiz.de/10012458175
This paper examines the impact of the deregulation of compulsory industrial licensing in India on firm-size dynamics … and the reallocation of resources within industries over time. Following deregulation, we find that the extent of resource … regressions reveal that the distributional effects of deregulation on firm size are significantly non-linear. The size …
Persistent link: https://www.econbiz.de/10012460010
India. Between 1995 and 2009, 85 percent of coal-based generation capacity owned by state governments was unbundled from …
Persistent link: https://www.econbiz.de/10012461275
We show that foreign capital liberalization reduces capital misallocation and increases aggregate productivity in India …
Persistent link: https://www.econbiz.de/10012482175