Community Origins of Industrial Entrepreneurship in Pre-Independence India

Bishnupriya Gupta, Dilip Mookherjee, Kaivan Munshi and Mario Sanclemente

No 14263, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: We provide evidence of the role of community networks in emergence of Indian entrepreneurship in early stages of cotton and jute textile industries in the late 19th and early 20th century respectively, overcoming lack of market institutions and government support. From business registers, we construct a yearly panel dataset of entrepreneurs in these two industries. We fi nd no evidence that entry was related to prior upstream trading experience or price shocks. Firm directors exhibited a high degree of clustering of entrepreneurs by community. Entry flows were consistent with a model of network-based dynamics.

Keywords: Industrialization; Social Networks (search for similar items in EconPapers)
Date: 2019-12
New Economics Papers: this item is included in nep-cse, nep-ent, nep-his and nep-sbm
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Related works:
Working Paper: Community Origins of Industrial Entrepreneurship in Pre-Independence India (2019)
Working Paper: Community Origins of Industrial Entrepreneurship in Pre-Independence India (2019)
Working Paper: Community Origins of Industrial Entrepreneurship in Pre-Independence India (2018)
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