We evaluate the impact of trade liberalization on the intensive margin of the firm’s investment in foreign capital goods. To do so, we use Indian firm-level panel data from a period of a large-scale trade liberalization (1989-1997) to estimate an investment equation using the system-GMM estimator. Importantly, we control separately for the tariffs on capital goods, intermediate inputs, and final goods, which allows us to estimate the price elasticity...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2021/01/01
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Журнальная статья
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168177
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1
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1
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2022/01/27
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Disclosed
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Trade Liberalization and Investment in Foreign Capital Goods : A Look at the Intensive Margin
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capital good