It is now stylized that, while the impact of ownership on firm productivity is unclear, product market competition can be expected to have a positive impact on productivity, thereby making entry (or contestability of markets) desirable. Traditional research in the context of entry has explored...

In this paper, we use plant level data from two Indian industries, namely, electrical machinery and textiles, to examine the empirical relationship between structural reforms like abandonment of entry restrictions to the product market, competition and firm-level productivity and efficiency....

Inspired by Soviet industrialization and post-World War II focus on state-led development, the Indian state aimed to restructure production towards the capital-goods producing sectors. To what extent did the Nehru-Mahalanobis targeting of heavy industries during the Second Five-Year Plan in...

It is now stylized that, while the impact of ownership on firm productivity is unclear, product market competition can be expected to have a positive impact on productivity, thereby making entry (or contestability of markets) desirable. Traditional research in the context of entry has explored...

India stands apart when compared with many others developing countries in terms of its long standing history of supporting the small scale industries (SSI) through reservation of product items for the SSI. Despite all these, the performance of the MSME sector in India remained subdued. In the...

The empirical evidence on the association between labour market flexibility and R&D activities of firms is limited only to developed economies. In this research note, we examine the relationship between labour market flexibility and the R&D decisions of firms in India's organised Manufacturing....

We study whether the effects on registered manufacturing output of dismantling the License Raj - a system of central controls regulating entry and production activity in this sector - vary across Indian states with different labor market regulations. The effects are found to be unequal across...

Using data on 2-digit industry for 1981-2004, the study examines the association between growth in total factor productivity and economic reforms. Accordingly, we first compute industry-level productivity growth using advanced econometric techniques and thereafter ascertain the time frame over...

The rising trade in intermediate goods accounts for almost two-thirds of world’s trade (MGI, 2019). India's export share for intermediate goods in its total exports has increased from 31.18% in 2011 to 32.52% in 2016. Moreover, India's overall share in world merchandise exports has itself...