Aghion, Philippe; Burgess, Robin; Redding, Stephen; … - In: Journal of the European Economic Association 3 (2005) 2-3, pp. 291-302
Industrial delicensing, which began in 1985 in India marked a discrete break from a past of centrally planned industrial development. Similar liberalization episodes are taking place across the globe. We develop a simple Schumpeterian growth model to understand how firms respond to the entry...