One of the most intriguing aspects of the recent empirical literature on FDI-related spillover effects is the increasing identification of mixed results. A few studies, particularly in advanced countries have found positive effects; however, a more common scenario in recent studies is the...

In the present study, we try to provide some empirical evidence for the export spillover effect examining the case of an emerging economy, namely India using firm level data for the period 1994-2006. We disentangle different spillover channels, namely export spillover, R&D spillover and wage...

Recent literature has not only recognized the implementation limitations of formal regulation, but also appreciated the significance of informal regulation for achieving environmental goals for developing countries. Since most units in developing world fall under unorganized sector, even utility...

This study is an attempt to investigate the relationship between environmental quality and per capita NSDP (i.e., Environment Kuznets Curve, EKC) of 14 major Indian States in the light of their very high economic growth in the post-liberalisation period. The analysis involves first ranking the...

After two decades of attempts to deregulate the Indian power sector and bring in more competition, the question we are asking is: why has private investment not flooded in as expected? We analyze the problem using an economics of governance framework which suggests that various organizational...

This paper tests the impact of institutional quality on the performance of thermal power sector in India. We estimate a translog inefficiency effects stochastic frontier model using plant age, plant capacity and an index of regulatory governance as determinants of inefficiency. The dataset...

In developing countries, industries are often plagued with power shortages. In response, some firms make their own electric power but most of the others do not. Why do we observe such divergent behavior in the decision to self-generate? Previous literature focuses on factor demand and marginal...