The discovery of breakthrough technologies for renewable energy use in an increasing number of sectors brings about a type of technical change that decreases the output elasticity of fossil energy sources at the aggregate level, a mechanism that has largely been neglected in the literature. We...

Using a panel of India's registered manufacturing firms and both economy-wide and firm-level financial data, we investigate the effects of India's financial liberalization on the productivity of its manufacturing sector in the 1990s and 2000s. Our dynamic panel analysis shows that the series of...