Deregulation and Firm Investment : Evidence from the Dismantling of the License System in India

This paper analyzes analyze the impact of deregulatory reforms in India during the 1990s, which eliminated compulsory industrial licensing, on manufacturing firms' investment decisions. The paper finds an economically and statistically signifi...

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Main Authors:	Kandilov, Ivan T., Leblebicioglu, Asli, Manghnani, Ruchita
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	deregulation investment licensing credit conditions access to finance
Online Access:	http://documents.worldbank.org/curated/en/293381478636583148/Deregulation-and-firm-investment-evidence-from-the-dismantling-of-the-license-system-in-India http://hdl.handle.net/10986/25686

id	okr-10986-25686
recordtype	oai_dc
spelling	okr-10986-256862021-06-08T14:42:46Z Deregulation and Firm Investment : Evidence from the Dismantling of the License System in India Kandilov, Ivan T. Leblebicioglu, Asli Manghnani, Ruchita deregulation investment licensing credit conditions access to finance This paper analyzes analyze the impact of deregulatory reforms in India during the 1990s, which eliminated compulsory industrial licensing, on manufacturing firms' investment decisions. The paper finds an economically and statistically significant positive effect of delicensing on investment. It also shows that firms in states with better credit conditions benefitted more from the removal of licenses. Moreover, the analysis demonstrates that the increase in investment was predominantly driven by smaller firms. 2016-12-06T21:28:58Z 2016-12-06T21:28:58Z 2016-11 Working Paper http://documents.worldbank.org/curated/en/293381478636583148/Deregulation-and-firm-investment-evidence-from-the-dismantling-of-the-license-system-in-India http://hdl.handle.net/10986/25686 English en_US Policy Research Working Paper;No. 7884 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper South Asia India
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	deregulation investment licensing credit conditions access to finance
spellingShingle	deregulation investment licensing credit conditions access to finance Kandilov, Ivan T. Leblebicioglu, Asli Manghnani, Ruchita Deregulation and Firm Investment : Evidence from the Dismantling of the License System in India
geographic_facet	South Asia India
relation	Policy Research Working Paper;No. 7884
description	This paper analyzes analyze the impact of deregulatory reforms in India during the 1990s, which eliminated compulsory industrial licensing, on manufacturing firms' investment decisions. The paper finds an economically and statistically significant positive effect of delicensing on investment. It also shows that firms in states with better credit conditions benefitted more from the removal of licenses. Moreover, the analysis demonstrates that the increase in investment was predominantly driven by smaller firms.
format	Working Paper
author	Kandilov, Ivan T. Leblebicioglu, Asli Manghnani, Ruchita
author_facet	Kandilov, Ivan T. Leblebicioglu, Asli Manghnani, Ruchita
author_sort	Kandilov, Ivan T.
title	Deregulation and Firm Investment : Evidence from the Dismantling of the License System in India
title_short	Deregulation and Firm Investment : Evidence from the Dismantling of the License System in India
title_full	Deregulation and Firm Investment : Evidence from the Dismantling of the License System in India
title_fullStr	Deregulation and Firm Investment : Evidence from the Dismantling of the License System in India
title_full_unstemmed	Deregulation and Firm Investment : Evidence from the Dismantling of the License System in India
title_sort	deregulation and firm investment : evidence from the dismantling of the license system in india
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/293381478636583148/Deregulation-and-firm-investment-evidence-from-the-dismantling-of-the-license-system-in-India http://hdl.handle.net/10986/25686
_version_	1764459890399510528

Deregulation and Firm Investment : Evidence from the Dismantling of the License System in India

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