Firm entry and exit decisions are central to theories of market organization and the firm, and to the efficiency of a competitive market environment. Timely exit by “inefficient” firms is essential for the reallocation of economic resources from lower-value to higher-value users. If firm...

Firm entry and exit decisions are central to theories of market organization and the firm, and to the efficiency of a competitive market environment. Timely exit by “inefficient” firms is essential for the reallocation of economic resources from lower-value to higher-value users. If firm...

This paper unravels a cyclical pattern in the value of employment elasticity in organized manufacturing in India over the period 1976-2002. Four periods are distinguished: the ‘benign’ growth period of the late seventies; the period of ‘jobless growth’ of the first half of the eighties;...