The Unequal Effect of India's Industrial Liberalization on Firms' Decision to Innovate: Do Business Conditions Matter?

被引：13

作者：

Bas, Maria ^{[1
]}

Paunov, Caroline ^{[2
]}

机构：

[1] Univ Paris 01, CES, 116 Blvd Hop, Paris, France

[2] OECD, 2 Rue Andre Pascal, Paris, France

来源：

JOURNAL OF INDUSTRIAL ECONOMICS | 2018年 / 66卷 / 01期

关键词：

RESEARCH-AND-DEVELOPMENT; PRODUCTIVITY GROWTH; TRADE LIBERALIZATION; MANUFACTURING-INDUSTRIES; AGGREGATE PRODUCTIVITY; ABSORPTIVE-CAPACITY; INTERMEDIATE INPUTS; MARKET-STRUCTURE; COMPETITION; PERFORMANCE;

D O I：

10.1111/joie.12163

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Product-market competition can boost industry growth if firms invest more in innovation. Using a natural policy experiment, the removal of India's License Raj, we show that firms in liberalized industries were 9% more likely to invest in R&D than firms in non-liberalized industries. However, the impacts were not the same across firms of different size. After the reforms, firms in the top quartile were 23% more likely to invest in R&D than those in the lowest size quartile. Both productivity differences across firms and the heterogeneous impacts of business conditions on firms explain unequal effects of India's industrial liberalization reform.

引用

页码：205 / 238

页数：34