Development Economics Paper
The Unequal Effects of Liberalization: Evidence from Dismantling the License Raj in India
Philippe Aghion, Robin Burgess, Stephen J. Redding and Fabrizio Zilibotti
This paper investigates whether the effects, on registered manufacturing out-put, employment, entry and investment, of dismantling the ‘license raj’ - a system of central controls regulating entry and production activity...Read more...