The unequal effects of liberalization
Subtitle: evidence from dismantling the license raj in India
By: Philippe Aghion ... [et al.].
Contributors: London School of Economics and Political Science. Centre for Economic Performance
Series: CEP discussion paper -- no. 728
Publisher: Centre for Economic Performance, London School of Economics and Political Science
Published: 2006
Place of publication: London
Language: eng
Format: [electronic resource] :
Description: This paper investigates whether the effects, on registered manufacturing out-put,  employment, entry and investment, of dismantling the license raja system of central controls regulating entry and production activity in this sector vary across Indian states with different labor market regulations. The effects are found to be unequal depending on the institutional environment in which industries are embedded. In particular, following de-licensing, industries located in states with pro-employer labor market institutions grew more quickly than those in pro-worker environments. Our results emphasize how local institutions matter for whether industry in a region benefits or is harmed by the nationwide delicensing reform.
Notes: Title from PDF file (viewed on Sept. 26, 2006).

"June 2006."

Includes bibliographical references.

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