Foreign exchange legislation transformation and enterprise demography in India

European Journal of Law and Economics

Volumn 25, Issue 1, 2008, Pages 39-56

  Majumdar, Sumit K ^a  

^a UNIVERSITY OF TEXAS AT DALLAS   (United States)

Author keywords

Corporate demography; Economic reforms; Foreign direct investment; Foreign exchange management act (FEMA); Foreign exchange regulation act (FERA); Indian industry; Institutional change; Transactions environment

Indexed keywords

EID: 38349186345     PISSN: 09291261     EISSN: None     Source Type: Journal    
DOI: 10.1007/s10657-007-9037-3     Document Type: Article

References (44)

1. Agarwal, D. R. (2001). Foreign direct investment and economic development: A comparative case study of China, Mexico and India. In R. K. Sen (Eds.), Socio-economic development in the 21st century (pp. 257-288). New Delhi: Deep and Deep Publications.
2. Agrawal, P. (2005). Foreign direct investment in South Asia: Impact on economic growth and local investment. In E. M. Graham (Ed.), Multinationals and foreign investment in economic development (pp. 94-118). Basingstoke: Palgrave Macmillan.
3. Asian Development Bank. (2004). Asian Development Outlook 2004. Part 3: Foreign Direct Investment in Developing Asia. Manila.
4. Athreye, S., & Kapur, S. (2001). Private foreign investment in India: Pain or panacea? World Economy, 24, 399-424.
5. Bajpai, N., & Sachs, J. D. (2000). Foreign direct investment in India: Issues and problems. Cambridge, MA: Harvard Institute for International Development, Development Discussion Paper 759.
6. Balasubramanyam, V. N., & Mahambare, V. (2003). FDI in India. Transnational Corporations, 12(2), 45-72.
7. Balasubramanyam, V. N., Salisu, M., & Sapsford, D. (1996). Foreign direct investment and growth in EP and IS countries. Economic Journal, 106, 96-105.
8. Bhat, K. S., Sundari, T. C. U., & Raj, K. D. (2004). Causal nexus between foreign direct investment and economic growth in India. Indian Journal of Economics, 85(337), 171-185.
9. Caves, R. E. (1996). Multinational enterprise and economic analysis (2nd ed.). Cambridge University Press.
10. Chakraborty, C., & Basu, P. (2002). Foreign direct investment and growth in India: A cointegration approach. Applied Economics, 34(9), 1061-1073.
11. Chhibber, P. K., & Majumdar, S. K. (1999). Foreign ownership and profitability: Property rights, control and the performance of firms in Indian industry. Journal of Law and Economics, 52(1), 209-238.
12. Chhibber, P. K., & Majumdar, S. K. (2005). Property rights and the control of strategy: Foreign ownership and the globalization of firms in Indian industry. Law and Policy, 27, 52-80.
13. de la Torre, J. (1974). Foreign investment and export dependence. Economic Development and Cultural Change, 23, 133-150.
14. de Soto, H. (2000). The mystery of capital. New York: Basic Books.
15. Dua, P., & Rashid, A. I. (1998). FDI and economic activity in India. Indian Economic Review, 33(2), 153-168.
16. Dunning, J. (1993). Multinational enterprises and the global economy. Don Mills: Addison-Wesley.
17. Elster, J. (1979). Ulysses and the sirens: Studies in rationality and irrationality. Cambridge: Cambridge University Press.
18. Engle, R. F. (1982). Autoregressive conditional heteroskedasticity with estimates of the variance of U.K. Inflation Econometrica, 50, 987-1008.
19. Feinberg, S., & Majumdar, S. K. (2001). Technology spillovers from foreign direct investment in the Indian pharmaceutical industry. Journal of International Business Studies, 32(3), 421-438.
20. Frech, H. E. (2002). Corporate demography and empirical industrial organization: A critical appraisal. International Journal of the Economics of Business, 9(3), 437-448.
21. Gakhar, K. (2006). Foreign direct investment in India 1947 to 2007: Policies, trends and outlook. Delhi: Eastern Book Corporation.
22. Gopinath, S. (2005). Foreign exchange regulatory regimes in India: From control to management, RBI Bulletin, (March 21).
23. Grossman, G., & Helpman, E. (1991). Innovation and growth in the global economy. Cambridge: The MIT Press.
24. Gupta, S. (2005). Multinationals and foreign direct investment in India and China. In: E. M. Graham (Eds.), Multinationals and foreign investment in economic development (pp. 198-211). Basingstoke: Palgrave Macmillan.
25. Heckscher, E. (1950). The effects of foreign trade on distribution and income. In: H. S. Ellis & L. A. Metzler (Eds.), Readings in the theory of international trade. London: Allen and Unwin.
26. Helleiner, G. K. (1988). Introduction. In: G. K. Helleiner (Ed.), Trade policy, industrialization and development. Oxford: Clarendon Press.
27. Helpman, E. (1984). A simple theory of international trade with multinational corporations. Journal of Political Economy, 92, 451-471.
28. Hymer, S. (1976). The international operations of national firms: A study of direct foreign investment. Cambridge: The MIT Press, (Originally published as a dissertation 1960).
29. Jalan, B. (2005). The future of India: Politics, economics and governance. New Delhi: Penguin Viking.
30. Kathuria, V. (2002). Liberalisation, FDI, and productivity spillover: An analysis of indian manufacturing firms. Oxford Economic Papers, 54(4), 688-718.
31. Kidron, M. (1965). Foreign investments in India. Oxford: Oxford University Press.
32. Kumar, N., & Pradhan, J. P. (2005). Foreign direct investment, externalities and economic growth in developing countries: Some empirical explorations. In: E. M. Graham (Ed.), Multinationals and foreign investment in economic development (pp. 42-84). Basingstoke: Palgrave Macmillan.
33. Kurian, M. K. (1966). Impact of foreign capital on Indian economy. New Delhi: People's Publishing House.
34. Lindner, S. B. (1961). An essay on trade and transformation. New York: Wiley.
35. Majumdar, S. K. (1998). Slack in the state-owned enterprise: An evaluation of the impact of soft-budget constraints. International Journal of Industrial Organization, 16(3), 377-393.
36. Majumdar, S. K. (2007). The role of foreign firms in India over the past half century: Retrospect and prospect. India Macroeconomics Annual, forthcoming.
37. North, D. (1991). Institutions, institutional change and economic performance. New York: Cambridge University Press.
38. Nunnenkamp, P. (2004). To what extent can foreign direct investment help achieve international development goals? The World Economy, 27(5), 657-677.
39. Ohlin, B. (1933). Interregional and international trade. Oxford: Oxford University Press.
40. Pradhan, J. P. (2002). Foreign direct investment and economic growth in India: A production function analysis. Indian Journal of Economics, 82(327), 582-586.
41. Ricardo, D. (1817). The principles of political economy and taxation. Cambridge: Cambridge University Press. (Reprinted 1981).
42. Sahoo, D., & Mathiyazhagan, M. K. (2003). Economic growth in India: Does foreign direct investment inflow matter? Singapore Economic Review, 48(2), 151-171.
43. Sen, R. K., & Pan, S. (2007). Foreign direct investment and trade in India. New Delhi: Deep and Deep Publications.
44. UNCTAD (2006). World Investment Report 2006. New York: United Nations.