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A near-ubiquitous concept in legal debates on contemporary approaches to market regulation and reform, liberalisation broadly speaking involves a transition from controlled to competitive markets. Yet for many, liberalisation implies not merely practical processes and legal instruments of...
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took place in financial regulation sector during liberalisation of its economy in 1991. Pre liberalisation India had a … intervention. It could be argued that India was a pre regulatory state before liberalisation reforms. Instead of independent … for foreign investment, and setting up of sector specific regulators – India arguably became a ‘regulatory state’. I aim …
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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 …
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