This article applies the semi-parametric method to analyse the effects of economic reforms and some other factors on changes in the distribution of profitability of corporate firms in India. Comparing the two post-reform years (1994 and 2010) with the pre-reform year (1990), we observe a...

The relative role of economic growth vis-a-vis public action in raising living standards in developing countries has been a point of contention for quite some time now. The arguments on both sides are usually based on some estimated relationship between indicators of living standard and other...