Xu, Zhenhui; Pal, Sudeshna - In: Journal of management science and engineering 7 (2022) 4, pp. 578-588
Using a panel of India's registered manufacturing firms and both economy-wide and firm-level financial data, we … investigate the effects of India's financial liberalization on the productivity of its manufacturing sector in the 1990s and 2000s … sectors. Our results suggest that policies favoring financial liberalization should be pursued further in order for India to …