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• W2023779481 abstract "Product‐market competition can boost industry growth if firms invest more in innovation. Using a natural policy experiment, the removal of India's License Raj, we show that firms in liberalized industries were 9% more likely to invest in R&D than firms in non‐liberalized industries. However, the impacts were not the same across firms of different size. After the reforms, firms in the top quartile were 23% more likely to invest in R&D than those in the lowest size quartile. Both productivity differences across firms and the heterogeneous impacts of business conditions on firms explain unequal effects of India's industrial liberalization reform." @default.
• W2023779481 created "2016-06-24" @default.
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• W2023779481 date "2018-03-01" @default.
• W2023779481 modified "2023-10-03" @default.
• W2023779481 title "The Unequal Effect of India's Industrial Liberalization on Firms’ Decision to Innovate: Do Business Conditions Matter?" @default.
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• W2023779481 doi "https://doi.org/10.1111/joie.12163" @default.
• W2023779481 hasPublicationYear "2018" @default.
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