This paper combines insights from law and economics to create a hybrid model that examines the U-shaped relationship between the strength of a country’s IPR protections and its level of economic development over time. This hybrid model is used to analyze whether implementing different levels...

This paper reconsiders two questions relating to India's economic growth: structural breaks in growth and the impact of equipment investment on aggregate economic growth. First, statistical tests of structural change show that economic growth in post-independence India has witnessed four...

This paper explores the causes of India`s productivity surge around 1980, more than a decade before serious economic reforms were initiated. Trade liberalization, expansionary demand, a favorable external environment, and improved agricultural performance did not play a role. We find evidence...

The demonetization move by the Indian Prime Minister has caught the whole world's eye. Several logical views have been offered, both, for the move and against the move. In this paper, researcher has used the case study approach to find an answer. Economies of three countries, where...

Market frictions prevent the efficient allocation of factors of production, slow down structural transformation and lead to costs in terms of lower output and aggregate total factor productivity (TFP). We use a theoretical framework developed by Aoki (2012) featuring sector-specific frictions on...

This paper explores the aggregate economic effects from India's National Rural Employment Guarantee Scheme (NREGS), which provides up to 100 days of labor to rural laborers at the mandated minimum wage. We examine the within-district change to night-time lights and banking deposits using the...

Markups vary systematically across firms and are an important cause of productivity dispersion. However, whether markup dispersion represents mis-allocation depends on sources driving the dispersion. This paper provides evidence on the role of demand-side factors in shaping the dispersion of...

This paper deals with present economic scenario in indian petroleum industries. To analyze the reason for hike in petroleum product price level and provide the corrective measure to reduce the cost of product as much as possible. With today's unstable and extremely focused worldwide market,...

This study updates previous findings on district level convergence in India and analyses the role of financial development on economic growth. Using a new nighttime light product as a proxy for economic activity, it finds an absolute rate of convergence of 2.4 percent from 2013 to 2019....

We propose a theory linking imperfect information to resource misallocation and hence to aggregate productivity and output. In our setup, firms look to a variety of noisy information sources when making input decisions. We devise a novel empirical strategy that uses a combination of firm-level...