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Policy, Economic Federalism & Product Market Entry: The Indian Experience

dc.contributor.authorBhaumik, Sumon Kumaren_US
dc.contributor.authorGangopadhyay, Shubhasishen_US
dc.contributor.authorKrishnan, Shagunen_US
dc.date.accessioned2007-10-25T20:12:25Z
dc.date.available2007-10-25T20:12:25Z
dc.date.issued2006-11-01en_US
dc.identifier.otherRePEc:wdi:papers:2006-843en_US
dc.identifier.urihttps://hdl.handle.net/2027.42/57223en_US
dc.description.abstractProductivity growth has long been associated with, among others, contestability of markets which, in turn, is dependent on the ease with which potential competitors to the incumbent firms can enter the product market. There is a growing consensus that in emerging markets regulatory and institutional factors may have a greater influence on a firm’s ability to enter a product market than strategic positions adopted by the incumbent firms. We examine this proposition in the context of India where the industrial policies of the eighties and the nineties are widely believed to be pro-incumbent and procompetition, respectively, thereby providing the setting for a natural experiment with 1991 as the watershed year. In our analysis, we also take into consideration the possibility that the greater economic federalism associated with the reforms of the nineties may have affected the distribution of industrial units across states after 1991. Our paper, which uses the experiences of the textiles and electrical machinery sectors during the two decades as the basis for the analysis, finds broad support for both these hypotheses.en_US
dc.format.extent236689 bytes
dc.format.extent1802 bytes
dc.format.mimetypeapplication/pdf
dc.format.mimetypetext/plain
dc.relation.ispartofseries843en_US
dc.subjectEntry, Institutions, Regulations, India, Textiles, Electrical Machinery, Reformsen_US
dc.subject.otherL11, L52, L64, L67, O14, O17en_US
dc.titlePolicy, Economic Federalism & Product Market Entry: The Indian Experienceen_US
dc.typeWorking Paperen_US
dc.subject.hlbsecondlevelEconomicsen_US
dc.subject.hlbtoplevelBusinessen_US
dc.contributor.affiliationumWilliam Davidson Instituteen_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/57223/1/wp843 .pdfen_US
dc.owningcollnameWilliam Davidson Institute (WDI) - Working Papers


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