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Chang-Tai Hsieh
Chang-Tai Hsieh is the Phyllis and Irwin Winkelreid Professor of Economics at the University of Chicago and a member of the International Growth Centre’s Steering Group. Hsieh has been a Visiting Scholar at the Federal Reserve Banks of San Francisco, New York, and Minneapolis, as well as the World Bank’s Development Economics Group and the Economic Planning Agency in Japan. He conducts research on growth and development.
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Contract labour and firm growth in India
There is considerable evidence indicating that the Industrial Disputes Act (IDA), 1947 – which made it illegal for large companies to downsize – had a powerful disincentive effect for entrepreneurs in India. Using Annual Survey of Industries data, this article shows that constraints on large firms diminished since the early 2000s largely due to exploitation of a loophole pertaining to contract labour, rather than a de jure change in the labour laws.
