Publications
Publications
- December 12, 2009
- Vox, CEPR Policy Portal
The Transformation of India: Incumbent Control, Reforms, and Newcomers
By: Laura Alfaro and Anusha Chari
Abstract
What microeconomic forces drove the structural transformation of India's economy in recent decades? This column studies firm-level data and portrays a dynamic economy driven by the growth of private and foreign firms. But the Indian economy did not go through an industrial shakeout phase driven by creative destruction. The endurance of incumbent firms prevented a dramatic microeconomic transformation.
Keywords
Citation
Alfaro, Laura, and Anusha Chari. "The Transformation of India: Incumbent Control, Reforms, and Newcomers." Vox, CEPR Policy Portal (December 12, 2009).
About The Author
