  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 |