Deregulation and firm investment : evidence from the dismantling of the license system in India (English)

This paper analyzes analyze the impact of deregulatory reforms in India during the 1990s, which eliminated compulsory industrial licensing, on manufacturing firms' investment decisions. The paper finds an economically and statistically significant positive effect of delicensing on investment. It also shows that firms in states with better credit conditions benefitted more from the removal of licenses. Moreover, the analysis demonstrates that the increase...

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Author

Kandilov,Ivan;

Leblebiciogu,Asli;

Manghnani,Ruchita;
Document Date
2016/11/08
Document Type
Policy Research Working Paper
Report Number
WPS7884
Volume No
1
Total Volume(s)
1
Country
India,
Region
South Asia,
Disclosure Date
2016/11/08
Disclosure Status
Disclosed
Doc Name
Deregulation and firm investment : evidence from the dismantling of the license system in India
Keywords
reserve bank of india

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Citation

Kandilov,Ivan; Leblebiciogu,Asli; Manghnani,Ruchita.

Deregulation and firm investment : evidence from the dismantling of the license system in India (English). Policy Research working paper|no. WPS 7884 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/293381478636583148

Deregulation and firm investment : evidence from the dismantling of the license system in India (English)

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