García-Santana, Manuel; Pijoan-Mas, Josep - Centro de Estudios Monetarios y Financieros (CEMFI) - 2010
In this paper we quantify the effects of the Small Scale Reservation Laws in India on the aggregate productivity, aggregate output and welfare of the Indian economy. To this end, we extend the span-of-control model by Lucas (1978) into a multi-sector setting and embed it into the neo-classical...