Liberalisation, Multinational Enterprises and Export Performance: Evidence from Indian Manufacturing

The paper attempts to analyse the export-enhancing role of MNEs in the Indian manufacturing sector during the 1990s. The CAPITAL LINE database is used. The database includes firms engaged in both manufacturing and nonmanufacturing activities. From the database manufacturing firms’ data for five years i.e. from 1996 to 2000 is extracted. This yielded 4211 observations for 970 firms. The firms were classified into 33 industries. Since the data span was five years , it was necessary to control year - to - year variations. To even out such variations, yearly averages were worked out. This provided us a panel data set of 970 firms classified across 33 industries [ICRIER WP No. 69].