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. Our dynamic panel analysis shows that the series of...