 Ref: econ0010 The Government of India liberalized its economy in 1991
following a severe balance of payments crisis. The major changes included a
reform of the Industrial Licensing Policy, reductions in tariffs and the
opening of the economy to foreign direct investment (FDI). How did these reforms
affect the Indian economy? There has been much research on the spillover
effects of FDI on growth (through intra-industry externalities, technological
transfer, corporate governance) but not much on the effects of FDI on the
financial sector. In particular, how did this new inflow of capital contribute
to India's financial development? Does FDI have an impact in promoting
financial services locally? The author will exploit the variation in FDI inflows
across districts in India based on pre-existing local industrial structure at
the time of the liberalization, to find out how FDI liberalization might have impacted
local financial development. The main finding is a positive and significant
impact of policy-induced FDI on local financial development, robust to the
inclusion of time lags, additional controls and a counterfactual exercise.
9,000 words – 43 pages in length Excellent use of literature Good in depth analysis Excellent piece of work 1. Introduction 2. Literature Review 3. Data and Methodology Regression Framework Data and Construction Endogeneity of FDI Robustness 5. Conclusion 6. Appendix How To Order 1. Select reference number econ0010 from the dropdown list 2. Click the PayPal button 3. Click the "Click Here" button on the PayPal page to submit your credit/debit card payment 4. We will email your chosen dissertation in PDF format within 24 hours |