Arnold, Jens MatthiasJavorcik, BeataLipscomb, MollyMattoo, Aaditya2012-03-192012-03-192012-01-01https://hdl.handle.net/10986/3233The growth of India's manufacturing sector since 1991 has been attributed mostly to trade liberalization and more permissive industrial licensing. This paper demonstrates the significant impact of a neglected factor: India's policy reforms in services. The authors examine the link between those reforms and the productivity of manufacturing firms using panel data for about 4,000 Indian firms froCC BY 3.0 IGOACCESS TO SERVICESACCOUNTINGADVANCED COUNTRIESADVERSE EFFECTSAFFILIATEAFFILIATESAGRICULTUREAIRAIR TRANSPORTASSET MANAGEMENTASSET MANAGEMENT COMPANIESAUTONOMYAVERAGE PRODUCTIVITYBALANCE SHEETSBANK FOR INTERNATIONAL SETTLEMENTSBANK LOANBANKING CONCENTRATIONBANKING INDUSTRYBANKING REFORMBANKING SECTORBANKING SECTOR REFORMSBANKING SERVICESBANKING SYSTEMBARRIERS TO COMPETITIONBARRIERS TO ENTRYBENCHMARKBUSINESS OPPORTUNITIESBUSINESS SERVICESBUSINESSESCAPITAL ALLOCATIONCARGO TRAFFICCARRIERSCASH FLOWCELLULAR SERVICECENTRAL BANKCOMMERCECOMMUNICATION SERVICESCOMPARATIVE ECONOMICSCOMPETITIVENESSCOMPUTERSCONSUMERSCOST OF CAPITALCREDIT CONSTRAINTSCROP INSURANCEDEFLATORSDEREGULATIONDEVELOPING COUNTRIESDEVELOPMENT ECONOMICSDEVELOPMENT POLICYDIRECT FOREIGN INVESTMENTDISTRIBUTION SERVICESDOMESTIC COMPETITIONDRIVINGECONOMIC DEVELOPMENTECONOMIC INTEGRATIONECONOMIC PERFORMANCEECONOMIC REFORMSECONOMICSECONOMIES OF SCALEELECTRICITYEMPLOYMENTEXPOSUREEXTERNAL FINANCEEXTERNAL FINANCINGFINANCIAL CRISISFINANCIAL DEVELOPMENTFINANCIAL MARKETSFINANCIAL SECTORFINANCIAL SERVICESFIRM PERFORMANCEFOREIGN BANKFOREIGN BANKSFOREIGN COMPANIESFOREIGN COMPETITIONFOREIGN DIRECT INVESTMENTFOREIGN FIRMSFOREIGN INVESTMENTFOREIGN MARKETSFOREIGN OWNERSHIPFUELGDPGDP DEFLATORGLOBAL ECONOMYGOVERNMENT INTERVENTIONGOVERNMENT SECURITIESGROWTH RATESHIGHWAYSIMPORT TARIFFSINCOMESINDIVIDUAL FIRMINDUSTRIAL COUNTRIESINDUSTRIAL PRODUCTIONINFRASTRUCTURE DEVELOPMENTINFRASTRUCTURE INVESTMENTINNOVATIONINSURANCEINSURANCE INDUSTRYINSURANCE MARKETINSURANCE REFORMINSURANCE REFORMSINSURERSINTEREST RATEINTEREST RATESINTERNATIONAL STANDARDSINTERNATIONAL TRADEINVENTORIESJOINT VENTURESLABOR MARKETLIBERALIZATIONLICENSELICENSESMACROECONOMICSMANUFACTURINGMANUFACTURING INDUSTRIESMANUFACTURING INDUSTRYMARGINAL COSTMARITIME TRANSPORTMARKET DISCIPLINEMARKET PENETRATIONMARKET REGULATIONMARKET SHAREMATERIALMERGERSMINORITY SHAREHOLDERSMONOPOLIESMONOPOLYMORAL HAZARDMOTOR VEHICLESNEW ENTRANTSNEW PRODUCTSOPEN ACCESSOPERATING EFFICIENCYOPERATING REVENUEOPTIMIZATIONOUTPUTOUTPUT PER CAPITAPASSENGER TRAFFICPAYMENTS IMBALANCESPERFORMANCE MEASUREPETROLEUM PRODUCTSPHONE LINESPOLITICAL CONSIDERATIONSPOLITICAL ECONOMYPORTFOLIOSPOSITIVE EFFECTSPRIVATE BANKSPRIVATE INVESTMENTPRIVATE SECTORPRIVATE SECTOR PARTICIPATIONPRIVATIZATIONPRODUCT DELIVERYPRODUCTION FUNCTIONPRODUCTION FUNCTIONSPRODUCTION INPUTSPRODUCTION PROCESSESPRODUCTIVITYPRODUCTIVITY GROWTHPROTECTIONISMPUBLIC ENTERPRISESRAILRAIL TRANSPORTRAILWAYRAPID ECONOMIC GROWTHREGULATORY AUTHORITYREGULATORY ENVIRONMENTRELIABILITYRESERVE BANKRESERVE BANK OF INDIARESULTRESULTSRETIREMENTRETURNS TO SCALEROADROAD BUILDINGROAD TRANSPORTRURAL BANKSSEARCHSERVICE PROVIDERSSINGLE MARKETSTATE BANKSSTATE ENTERPRISESSTRUCTURAL ADJUSTMENTSUBSIDIARIESSUPERMARKETSTECHNOLOGICAL CHANGETECHNOLOGICAL POSSIBILITIESTECHNOLOGY TRANSFERTELECOMTELECOMMUNICATIONSTELECOMMUNICATIONS COMPANYTELEPHONETELEPHONE SERVICETELEPHONE SERVICESTELEPHONESTIME PERIODTOTAL FACTOR PRODUCTIVITYTOTAL FACTOR PRODUCTIVITY GROWTHTRADE LIBERALIZATIONTRADE NEGOTIATIONSTRADE REFORMSTRANSACTIONS COSTSTRANSITTRANSITION ECONOMIESTRANSPORTTRANSPORT EQUIPMENTTRANSPORT INDUSTRYTRANSPORT SECTORTRANSPORT SERVICESTRANSPORT STATISTICSTRANSPORT SYSTEMSTRANSPORTATIONTRANSPORTATION INDUSTRYTRUETURNOVERUSE VALUEUSERSUSESVALUE ADDEDWATER SUPPLYWEBWHOLESALE PRICE INDEXWHOLESALE PRICE INDICESWTOWorld Bank10.1596/1813-9450-5948