Services Reform and Manufacturing Performance: Evidence from India

• 成果类型: Article
• 署名作者: Arnold, Jens Matthias; Javorcik, Beata; Lipscomb, Molly; Mattoo, Aaditya
• 署名单位: University of Oxford; Centre for Economic Policy Research - UK; Organisation for Economic Co-operation & Development (OECD); University of Oxford; University of Virginia; The World Bank
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/ecoj.12206
• 发表日期: 2016
• 页码: 1-39
• 关键词: FOREIGN DIRECT-INVESTMENT; trade liberalization; productivity growth; political-economy; domestic firms; regulations; BENEFIT; inputs; CHINA

摘要

Conventional explanations for the post-1991 growth of India's manufacturing sector focus on goods trade liberalisation and industrial delicensing. We demonstrate the powerful contribution of a neglected factor: India's policy reforms in services. The link between these reforms and the productivity of manufacturing firms is examined using panel data for about 4,000 Indian firms for the period 1993-2005. We find that banking, telecommunications, insurance and transport reforms all had significant positive effects on the productivity of manufacturing firms. Services reforms benefited both foreign and locally owned manufacturing firms, but the effects on foreign firms tended to be stronger.