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Asian Development Review: Volume 35, Number 1

Publication | March 2018
Asian Development Review: Volume 35, Number 1

This latest edition contains a mini symposium on India’s foreign direct investment (FDI) that analyzes the links between FDI and technology sourcing, export intensity, employment, environment, and financing.

The other papers are on industrial restructuring, education spending, urbanization, and fiscal risks.

About the Asian Development Review

The Asian Development Review (ADR) is a professional journal for disseminating the results of economic development research relevant to Asia and the Pacific. ADR is published twice a year, in March and September, by MIT Press. The ADR is a journal of the Asian Development Bank and the Asian Development Bank Institute.


Mini Symposium on Foreign Direct Investment in India

Guest Editor: Aradhna Aggarwal

  • The Impact of Foreign Ownership on Research and Development Intensity and Technology Acquisition in Indian Industries: Pre and Post Global Financial Crisis - Aradhna Aggarwal
    • 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 Direct Investment, Firm Heterogeneity, and Exports: An Analysis of Indian Manufacturing - Maitri Ghosh and Saikat Sinha Roy
    • Using firm-level data, this paper investigates whether foreign direct investment and the presence of multinational enterprises explains India’s improved export performance during the postreform period.
  • Does Plant Size Matter? Differential Effects of Foreign Direct Investment on Wages and Employment in Indian Manufacturing - Shruti Sharma
    • This paper examines the differential effects, based on the size of the plant, of industry-level foreign direct investment (FDI) on plant-level employment and the wages of skilled and unskilled workers in India’s manufacturing sector.
  • Does Environmental Governance Matter for Foreign Direct Investment? Testing the Pollution Haven Hypothesis for Indian States - Vinish Kathuria
    • This paper attempts to examine the role of environmental governance on foreign direct investment by testing the pollution haven hypothesis for 21 Indian states for the period 2002–2010.
  • Do Financing Constraints Impact Outward Foreign Direct Investment? Evidence from India - Subash Sasidharan and M. Padmaja
    • This study examines the role of financing constraints in explaining outward foreign direct investment (FDI) using unique firm-level panel data on Indian manufacturing during the period 2007–2014.

Open Submissions

  • Computer and Information Technology, Firm Growth, and Industrial Restructuring: Evidence from Manufacturing in the People’s Republic of China - Guangjun Shen
    • This paper studies the role of computer and information technology in industrial restructuring by observing structural change in the manufacturing sector in the People’s Republic of China using a large firm-level data set.
  • Gender Discrimination in Education Expenditure in Nepal: Evidence from Living Standards Surveys - Shaleen Khanal
    • There is a significant amount of literature on the role of parental gender preferences in determining the level of education expenditure for children. In this study, the effects of such preferences on parents’ education expenditure in Nepal are examined.
  • Empowering Cities: Good for Growth? Evidence from the People’s Republic of China - Megha Mukim and T. Juni Zhu
    • This paper utilizes a countrywide process of county-to-city upgrading in the 1990s to identify whether extending the powers of urban local governments leads to better firm outcomes.
  • Assessing Fiscal Risks in Bangladesh - Leandro Medina
    • This paper identifies, quantifies, and assesses fiscal risks in Bangladesh. By performing sensitivity analysis and using stochastic simulations, it measures risks arising from shocks to gross domestic product growth, the exchange rate, commodity prices, and interest rates.