Launched in 2014, the "Make in India" initiative aims to revitalize the manufacturing sector and includes heterogeneous measures that "simultaneously" support industries at different stages of development, from labor- and capital-intensive to high-tech industries and advanced services. Among...

The recent calls for the revival of the Oil Price Stabilization Fund (OPSF) are tantamount to a call for a policy reversal, that is, reversal of the downstream oil industry deregulation that began in 1998. The history of the OPSF presents important lessons for policymakers. Petroleum price...

It has been argued that uncompensated exposure to economic globalization is a main driver of the recent rise in political populism, but empirical evidence is mixed. We empirically reevaluate the issue, where exposure to globalization is defined as deviations from Ruggie’s (1982) embedded...

This paper uses a variety of data sources to study the effect of deregulation on the structure of wages in the airline industry. Microdata from the 1980 and 1990 Censuses show a 10 percent decline in the relative earnings of airline workers after deregulation, with roughly similar declines for...

This paper provides evidence that bank competition reduces gender and racial gaps in entrepreneurship by improving banking services and reducing discrimination. Exploiting the interstate bank deregulation from 1994 to 2021, I find that stronger bank competition increases the quantity and quality...