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This paper examines whether financial intermediaries have played a leading role in influencing India's economic performance. After describing the evolution and functions of the financial sector, we construct a set of vector autoregressive and vector error correction models to evaluate the...
Persistent link: https://www.econbiz.de/10005034030
We investigate the presence of finance constraints on firms' investment behaviour using Indian manufacturing as a case … 'finance-constrained' from those that are not. Using panel data for 718 Indian manufacturing firms for the period 1993-98, we …
Persistent link: https://www.econbiz.de/10005511838