There are striking, persistent regional inequalities in developing countries like China and India. The author use district-level data on Indian factories to investigate if these disparities are related to the spatial immobility of capital. Employing a difference in differences strategy, the author compare across districts the investment response to a 1998 policy change which expanded the set of factories eligible for a directed bank credit scheme...
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INFORMATION
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2008/12/01
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Document de travail
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47541
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1
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1
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2010/07/01
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Disclosed
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Capital immobility and regional inequality : evidence from India
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Finance & Private Sector Development