 Policy Reforms and Evolution of Market Structure in an Emerging Economy: The Case of IndiaM. Patibandla Journal of Development Studies, 2002, vol. 38, issue 3, 95-118 Abstract: Policy reforms have facilitated entry of quite a few transnational corporations (TNC) into Indian industries. This has important implications for the evolution of competitive industrial structure. This article focuses on the issue of the response mechanism of local firms to competition from new entrant TNCs and the possible strategies of TNCs in penetrating the Indian market. It develops a conceptual framework by incorporating elements of intangible assets theory and new institutional economics into a simple sequential entry oligopoly model. This yields interesting insights into qualitative behaviour of firms in the post-reforms period. A few hypotheses drawn from the conceptual framework are empirically tested on the basis of firm level panel data drawn from a set of Indian industries. Keywords: market reforms; transnational corporations; incumbent local firms; new entrants and market institutions (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:jdevst:v:38:y:2002:i:3:p:95-118 Ordering information: This journal article can be ordered from DOI: 10.1080/00220380412331322361 Access Statistics for this article Journal of Development Studies is currently edited by Howard White, Oliver Morrissey and Ken Shadlen More articles in Journal of Development Studies from Taylor & Francis Journals |
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