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Rise of Bank Competition : Evidence from Banking Deregulation in China
Gao, Haoyu; Ru, Hong; Townsend, Robert M.; Yang, Xiaoguang - 2023
Using comprehensive loan-level data in China, we investigate how the deregulation on bank entry barriers alters local … deregulation are adversely mitigated by entrant banks’ preferences for lending to SOEs over more productive private firms. This …
Persistent link: https://www.econbiz.de/10014256421
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When Does Capital Account Liberalization Help More than it Hurts?
Arteta, Carlos Oscar; Eichengreen, Barry; Wyplosz, Charles - 2021
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/10013221506
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The Deregulation of the Private Equity Markets and the Decline in Ipos
Ewens, Michael; Farre-Mensa, Joan - 2021
The deregulation of securities laws|in particular the National Securities Markets Improvement Act (NSMIA) of 1996|has …
Persistent link: https://www.econbiz.de/10013239368
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The Micro and Macro Dynamics of Capital Flows
Saffie, Felipe; Varela, Liliana; Yi, Kei-Mu - 2022
We study empirically and theoretically the effects of international capital flows on resource allocation. Using the universe of firms in Hungary, we show that financial openness triggers input-cost and consumption channels, with the latter dominant and reallocating resources toward high...
Persistent link: https://www.econbiz.de/10013292581
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Estimating the Impact of Restructuring on Electricity Generation Efficiency : The Case of the Indian Thermal Power Sector
Cropper, Maureen - 2011
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/10013120321
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Deregulation, Misallocation, and Size : Evidence from India
Alfaro, Laura - 2014
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/10013064852
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In with the Big, Out with the Small : Removing Small-Scale Reservations in India
Martin, Leslie A. - 2014
) 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/10013057823
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Multi-Product Firms and Product Turnover in the Developing World : Evidence from India
Goldberg, Pinelopi - 2015
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/10012750189
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From "Hindu Growth" to Productivity Surge : The Mystery of the Indian Growth Transition
Rodrik, Dani; Subramanian, Arvind - 2022
Most conventional accounts of India's recent economic performance associate the pick-up in economic growth with the …
Persistent link: https://www.econbiz.de/10013322139
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Firm-Specific Information and the Efficiency of Investment
Chari, Anusha - 2006
We use a new firm-level dataset to examine the efficiency of investment in emerging economies. In the three-year period following stock market liberalizations, the growth rate of the typical firm's capital stock exceeds its pre-liberalization mean by an average of 5.4 percentage points....
Persistent link: https://www.econbiz.de/10012780226