This paper examines the impact of Ramp;D and FDI on firm growth for a panel data of Indian manufacturing firms. We argue that besides age and size, FDI and Ramp;D are essential determinants of firm growth. We use GMM estimation for fixed effects panel data models to control for endogenity of...

The regulation of industrial pollution is clearly difficult in a rapidly industrializing, low-income setting. In addition to the general lack of resources for monitoring and enforcement, authorities must deal with the asymmetric nature of the information and multiple nonpoint sources of...

The 2003 Indian Electricity Act incentivizes captive power production through open access in an attempt to harness all sources of generation. Yet, we observe that only some firms self-generate while others do not. In this paper we give a transaction cost explanation for such divergent behavior....