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Persistent link: https://www.econbiz.de/10009424828
firms' decision making. The relatively high level of resource misallocation in India's formal manufacturing sector is well … interaction of labor market rigidities with informality which is a key feature of India's labor markets. Our results suggest that …
Persistent link: https://www.econbiz.de/10012518715
Most estimates of Indian manufacturing productivity find a slowdown in the 1990s. This has puzzled analysts, given that 1990s reforms were deeper and wider than the 1980s reforms that raised the growth rate of the Indian economy by 2 per cent points. This paper tests the hypothesis of the J...
Persistent link: https://www.econbiz.de/10014399140
Bradford DeLong and Dani Rodrik have argued that reforms in India cannot be credited with higher growth because the … by explaining why the growth rate in India nevertheless continues to trail that of China …
Persistent link: https://www.econbiz.de/10014404076
Persistent link: https://www.econbiz.de/10009486189
Financial inclusion is a multidimensional concept and countries have chosen diverse methods of enhancing financial inclusion with varying degrees of results. The heterogeneity of financial inclusion is particularly striking in the Asia-Pacific region as member countries range from those that are...
Persistent link: https://www.econbiz.de/10012102214
explaining China''s and India''s growth. Specific financial sector policies are shown to map well the size and changes in the … investment. In the case of India, post-1992 financial sector reforms, particularly the reduction in the funds preempted by the … rebalancing growth in China and sustaining high investment rate in India, further financial sector reforms could turn out to be …
Persistent link: https://www.econbiz.de/10014401864
Do financial sector reforms necessarily result in expansion of credit to the private sector? How does bank ownership affect the availability of credit to the private sector? Empirical evidence is somewhat mixed on these issues. We use the Indian experience with liberalization of the financial...
Persistent link: https://www.econbiz.de/10014402207
This paper examines the efficiency of the different segments of India''s financial system using firm-level data on …. Empirical analyses indicate that (1) the financial system in India is not channeling funds into industries with higher external …
Persistent link: https://www.econbiz.de/10014402001
Globally, financial institutions have increased their holdings of domestic sovereign debt, tightening the linkage between the health of the financial system and the level of sovereign debt, or the "financial sector-sovereign nexus," during the ongoing COVID-19 pandemic. In South Africa, the...
Persistent link: https://www.econbiz.de/10013170007