ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles By K V Ramaswamy

Firm Transitions in Indian Formal MSMEs

Using a panel of formal manufacturing and service sector firms incorporated during 2000–08, and by following each firm for a period of five years (2007–15) after incubation, we analyse the relationship between firm transition, firm age, and firm size. The results show an inverted U-shaped relationship between firm transition and age consistent with the non-linear relationship between age and performance suggested in the literature. However, our interpretation suggests a different possibility. We also show that the choice of definition of firm size has a distinct impact on the transition patterns and size structures of firms in the manufacturing and service sectors.

Regional Dimension of Growth and Employment

Regional inequality has emerged as a key issue in recent discussions of development policy. States within India differ greatly in terms of economic growth and employment potential. This paper examines some aspects of this regional employment growth in India during 1983 to 2004-05. The results confirm widening interstate disparities in income in the first quinquennium of the 21st century, a continuation of the trend of the 1990s. Urban employment occurs strongly in initially urbanised states. All states are found to be diversifying, but at a slower pace in low income states. A geographic concentration of skilled labour is observed in financial and business services.

Competition Policy and Practice in Canada

This article is a study of the salient features of Canadian competition policy so as to provide useful insights for developing countries which have only recently been initiated into the dynamics of competition law and practice. Moreover, with regard to its relatively small market size and in some respects, the federal structure of its constitution, Canada bears some resemblance with India. Competition policy in small market economies is a relevant subject for study simply because most developing countries suffer from the small size of their domestic markets. Small market size and the existence of economies of scale result in a situation where a market for industrial goods can support only a few technically efficient firms. This results in concentrated markets with relatively higher concentration ratios than that is observed in large economies like the US. In small economies the potential scope for anti-competitive practices is likely to be higher.