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Papers by Aradhna Aggarwal

Routledge eBooks, Feb 23, 2024

Social Science Research Network, Mar 27, 2018

This study examines how interfirm heterogeneities in modes of technology acquisition and technolo... more This study examines how interfirm heterogeneities in modes of technology acquisition and technology intensities are linked to firm ownership in India using a panel data set of about 2,000 firms listed on the Bombay Stock Exchange for the period 2003-2014 drawn from the Prowess database of the Center for Monitoring Indian Economy. Foreign ownership is categorized according to the level of control exercised by foreign firms as defined under the Companies Act of India. A comparative analysis of domestic and different categories of foreign firms was conducted for two time periods: (i) the global boom period of 2004-2008, and (ii) the post global financial crisis period of 2008-2014. A horizontal cluster analysis of 3-digit, industry-level data shows that foreign firms cluster in high-technology industries. The propensity score matching analysis, however, reveals that in a matched sample of foreign and domestic firms, majority-owned foreign firms spend less on research and development and more on technology transfers than their local counterparts, demonstrating that the level of equity holdings by a foreign firm matters. There is little evidence of the global financial crisis affecting the relocation of research and development activities to India. An alternative assessment based on panel data regression analysis confirms these findings and validates the propensity score matching results.

Transnational corporations, Sep 19, 2019

This study presents a three-pillared analytical framework for the success factors and development... more This study presents a three-pillared analytical framework for the success factors and development outcomes of special economic zones (SEZs). The core argument is that countries that adopt a well-structured approach towards SEZs that they can align with the broader development strategy, executive effectively, and continuously evaluate and manoeuvre over time, are more successful in achieving SEZ-led economic transformation than others. This requires strategic bureaucratic competencies to make the right choices and set clear strategic directions; strategic bureaucratic learning to dynamically and interactively engage in adjusting the strategies when needed; and strategic bureaucratic strengths to implement the strategy effectively. These elements in turn need an effective political leadership with a strong development focus that can energise and motivate bureaucracies. The study revisits the experience of successful, not-so-successful and least successful countries across the globe within this framework and concludes by raising some pertinent concerns about SEZ-led development strategy that emerge from the analysis.

Social Science Research Network, 2011

The effect of education on labour market outcomes is analysed using both survey and administrativ... more The effect of education on labour market outcomes is analysed using both survey and administrative data from The Brazilian PNAD and RAIS-MIGRA series, respectively. Occupational destination is examined using both multinomial logit analyses and structural dynamic discrete choice modelling. The latter approach is particularly useful as a means of evaluating policy impacts over time. We find that policy to expand educational provision leads initially to an increased take-up of education, and in the longer term leads to an increased propensity for workers to enter non-manual employment.

Oxford University Press eBooks, Feb 1, 2012

Research series on the Chinese dream and China's development path, 2019

This paper, starting from the historical evolution of global special economic zones, analyzes the... more This paper, starting from the historical evolution of global special economic zones, analyzes the various structures, space, functions and management dimensions of the special economic zones with the evolution of the global economic environment. This paper makes a thorough research on the developmental characteristics and the important factors for the success of the special economic zones in the selected countries. This paper inspects the correlation of the special economic zones in the current world again, summarizes the experience of successful special economic zones based on the analysis of the root causes of the current increase in the special economic zones, and then puts forward the key factors for developing successful special economic zones.

RePEc: Research Papers in Economics, Sep 1, 2011

ABSTRACT This paper investigates the effects of plants' dynamics on productivity growth i... more ABSTRACT This paper investigates the effects of plants' dynamics on productivity growth in the Indian pharmaceutical industry across five regions: north, north-west, west, south and the rest of India, during the period from 2000-01 to 2005-06, using the unit-level panel database drawn from the Annual Survey of Industries. The selected regions differ in the degree and age of agglomeration of the pharmaceutical industry. The empirical analysis is based on the decomposition methodology of aggregate productivity growth. This methodology decomposes productivity growth between two points in time into the contribution from four broad factors: improvement in incumbents? productivity (within effect), reallocation of resources from less productive to more productive producers (reallocation effect), entry of more productive firms (entry effects), and exit of less productive firms (exit effect). URL:[http://fgks.in/IndexServer/tifac/article/142.pdf].

RePEc: Research Papers in Economics, 2004

RePEc: Research Papers in Economics, Sep 1, 2004

This paper addresses some of the issues concerning antidumping that need to be reviewed in the Po... more This paper addresses some of the issues concerning antidumping that need to be reviewed in the Post-Doha Negotiations to make the antidumping agreement (ADA) more precise and less discretionary. Specifically, the author tries to identify the provision of the ADA that need to be clarified and improved for the perspective of India's interest. The author covers a number of issues concerning dumping determination, injury findings, procedural aspects of the ADA and special and differential treatment for developing countries fairly extensively. While doing so, she draws on the experiences of Indian exporters in antidumping investigations carried out against them in the US and the EU and the rulings given by panels and appellate bodies in various antidumping cases in the Dispute Settlement Body. I have no doubt that this paper will generate more debates on this very important and topical subject and will help clarify the issues that are in need of reform.

RePEc: Research Papers in Economics, Jun 1, 2007

Oxford University Press eBooks, Mar 25, 2021

This chapter focuses on the complex relationships between structural change on the one hand and e... more This chapter focuses on the complex relationships between structural change on the one hand and employment creation and poverty reduction on the other hand. It argues that globalization may have ambiguous effects on the relationships between growth and structural change by distorting domestic intersectoral linkages in the developing economies. As a result, structural change accompanied by the growth of output may not necessarily create additional employment and contribute to reductions in poverty. The key hypothesis of the chapter is that if economic growth is accompanied by productivity-enhancing structural change, it serves to generate high-productivity employment and ensures poverty reduction. The empirical results provide weak support for the hypothesis.

Oxford University Press eBooks, Jun 1, 2015

The World Economy

This study applies quasi‐experimental designs to assess how successful the special economic zones... more This study applies quasi‐experimental designs to assess how successful the special economic zones (SEZs) have been in offering a better investment climate than what is available to firms outside of them in three South Asian countries: India, Bangladesh and Pakistan. The World Bank Enterprise Surveys' data for 2013–2014 on multiple investment climate factors have been organised into 48 onsite and offsite investment climate variables for the assessment. The study is the first to provide causal evidence based on the matching and weighting methods. The key argument is that what sets SEZs apart from other economic zones is their ability to overcome growth impeding institutions. The results however show that the SEZs could not be insulated from the wider institutional contexts in which they are embedded. There are gaps between promises and implementation on the one hand and perceived and actual improvement on the other. The paper has important implications for policymakers who seem to...