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SUMMARY:Community Origins of Industrial Development in Pre-Independence In
 dia - Bishnupriya Gupta (University of Warwick)
DTSTART:20190507T160000Z
DTEND:20190507T173000Z
UID:TALK123958@talks.cam.ac.uk
CONTACT:Gareth Austin
DESCRIPTION:Authors: Bishnupriya Gupta\, Dilip Mookherjee\, Kaivan Munshi 
 and Mario Sanclement. Warwick Working Paper 2019.\n\nAbstract: We argue th
 at community networks played an important role in the emergence of Indian 
 entrepreneurship\nin the early stages of the cotton textile and jute texti
 le industries in the late 19th and early 20th century respectively\, overc
 oming the lack of market institutions and government support. From busines
 s registers\, we construct a yearly panel dataset of entrepreneurs in thes
 e two industries. We find no evidence that entry is affected by prior trad
 ing experience or price shocks in the corresponding upstream sector. Firm 
 directors exhibited a high degree of clustering of entrepreneurs by commun
 ity. The dynamics of entry is consistent with a model of network-based dyn
 amics.
LOCATION:Gonville &amp\; Caius College\, Cambridge: the Green Room
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