The objective of this paper is to investigate which factors ] macroeconomic, policy ]related or institutional ] foster the implementation of structural reforms. To this objective, we look at episodes of structural reforms over three decades across 40 OECD and EU countries and link them to such...

Presence of externalities can be significant in the developing economies, which have been able to augment aggregate economic growth in response to policy reforms. The empirical results of this paper based on firm level panel data for 12 Indian industries indicate presence of external economies...

This paper for the first time employs the Time Varying Panel Smooth Transition Regression (TV-PSTR) approach to model the dynamic adjustments of firms and the evolution of India’s industrial structure in the bigger setting of decades against the backdrop of India’s unexpected dramatic...

Foreign direct investment (FDI) has boomed in post-reform India. Moreover, the composition and type of FDI has changed considerably since India has opened up to world markets. This has fuelled high expectations that FDI may serve as a catalyst to higher economic growth. We assess the growth...

How does inward foreign direct investment (FDI) affect a transitional economy? This study attempts to analyze the role of FDI in China's income growth and market-oriented transition. We first identify possible channels through which FDI may have positive or negative effects on the Chinese...