Purpose – This paper aims to examine the relationship between trade liberalization and wages in India. Design/methodology/approach – This paper uses an empirical approach based on the “mandated wage equations”. Findings – The main result in the paper is that trade reforms have been...

Purpose – The relationship between globalization – through trade liberalization – and inequality is unclear. The Stolper-Samuelson theorem, which is a standard result in trade theory, does not offer compelling answers as globalized economies with an abundance of unskilled labour have seen...

Purpose – To analyse the implications of signs of reform modification, stoppage or reversal, such as price controls, that have emerged in many developing economies, it is necessary to understand their efficiency consequences. This paper aims to study the effect of price interventions in...

Purpose – Recent developments in the literature on international trade and foreign direct investment (FDI) emphasise the role of firm characteristics in shaping firm participation in exports and FDI. The seminal work of Melitz and Helpman-Melitz-Yeaple (HMY) places heterogeneity in firm...

Purpose – This paper revisits the derivation and properties of the Allen-Uzawa and Morishima elasticities. Using a Swiss dataset, this paper empirically estimates various elasticities both in a dual and primal framework using a production theory open economy model and tests for linear...

Purpose – The paper aims to examine empirically whether the business environment, especially costs of doing business, affects corporate investment in India. Design/methodology/approach – The paper uses a firm-level panel data set (Prowess provided by the Centre for Monitoring Indian Economy)...

Purpose – The contribution of this study is both methodological and empirical. It provides a method of estimating preference consistent true cost of living indices and demonstrates the use of unit values (food items), adjusted for quality and demographic effects, as prices. Using NSS data,...

Purpose – This study aims to focus on the role of labor regulation and credit market imperfections, in addition to that of factor endowments, in determining capital intensities in Indian manufacturing. Design/methodology/approach – The paper considers an alternative approach to identifying...