Industrial delicensing which began in 1985 in India marked a discrete break from apast of centrally planned industrial development. Similar liberalization episodes are takingplace across the globe. We develop a simple Schumpeterian growth model to understand how…rms respond to the entry threat...

This paper attempts to develop a spatial model of economic growth in which technology and externalities are assumed to be accountable for production in geographical space. Linking externalities to the extent of intensity of production across locations in continuous space, we introduce spatial...