世界银行-哪些公司推动了互联互通和竞争的收益？：印度黄金四边形对企业生命周期的影响（英）-2024.2-41页

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P R W P 10710

Which Firms Drive the Gains from

Connectivity and Competition?

e Impact of India’s Golden Quadrilateral

across the Firm Life Cycle

Arti Grover

William Maloney

Stephen D. O’Connell

International Finance Corporation&

Latin America and the Caribbean Region

February 2024

Public Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure Authorized

Produced by the Research Support Team

Abstract

e Policy Research Working Paper Series disseminates the ndings of work in progress to encourage the exchange of ideas about development

issues. An objective of the series is to get the ndings out quickly, even if the presentations are less than fully polished. e papers carry the

names of the authors and should be cited accordingly. e ndings, interpretations, and conclusions expressed in this paper are entirely those

of the authors. ey do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and

its aliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.

P R W P 10710

is paper uses the construction of India’s Golden Quadri-

lateral (GQ) highway to explore the impact of an exogenous

increase in market access and competition across the rm

life cycle and generates four ndings. First, while exit rates

fall for all plants, aggregate gains are driven by expansion of

young plants. Older plants stagnate or contract, consistent

with the challenges of increased competition for incum-

bents. Second, the benets of connectivity to young plants

depend on access to complementary factors, such as nance,

and business conditions, although older plants respond

better in more distorted districts, perhaps reecting access

to inputs while protecting output markets as in de Loecker

et al. (2016). ird, expanding young plants correspond to

capital intensive value chain embedded activities that do

not require close coordination with nal producers. Fourth,

plant-level panel data conrms plant capabilities as central

to both the magnitude of the response, and to the composi-

tion of plants driving it. Aggregate expansion among young

plants is driven by high skill plants while contraction of old

plants is driven by low skill plants, consistent with frontier

rms being able to escape competition (Aghion et al. 2014).

is paper is a product of the International Finance Corporation and the Oce of the Chief Economist, Latin America

and the Caribbean Region. It is part of a larger eort by the World Bank Group to provide open access to its research

and make a contribution to development policy discussions around the world. Policy Research Working Papers are also

posted on the Web at http://www.worldbank.org/prwp. e authors may be contacted at agrover1@worldbank.org and

wmaloney@worldbank.org.

Which Firms Drive the Gains from Connectivity and Competition? The

Impact of India’s Golden Quadrilateral across the Firm Life Cycle

Arti Grover,* William Maloney,† and Stephen D. O’Connell‡

Keywords: firm dynamics, connectivity, competition, productivity, infrastructure, highways, India,

manufacturing.

JEL classification: D22, D24, O12, O14, O18, R12

Acknowledgements: We thank the World Bank’s Research Support Budget for funding this paper. We are

grateful to Leslie A. Martin, Shanthi Nataraj and Ann Harrison for sharing their code on matching ASI

cross-sectional data with the ASI establishment panel data. We are indebted to Denis Medvedev and

William Kerr for their support and insightful comments on the research proposal. We also thank two

anonymous reviewers for their suggestions that helped improve the planned analysis at the concept stage.

*Corresponding author. International Finance Corporation, World Bank. Email: agrover1@worldbank.org

† International Bank for Reconstruction and Development, World Bank. Email: wmaloney@worldbank.org

‡ Emory University. soconnell.work@gmail.com

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标签： #黄金 #印度 #银行

摘要：

PRWP10710WhichFirmsDrivetheGainsfromConnectivityandCompetition?eImpactofIndia’sGoldenQuadrilateralacrosstheFirmLifeCycleArtiGroverWilliamMaloneyStephenD.O’ConnellInternationalFinanceCorporation&LatinAmericaandtheCaribbeanRegionFebruary2024PublicDisclosureAuthorizedPublicDisclo...

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