Community Origins of Industrial Entrepreneurship in Pre-Independence India

49 Pages Posted: 14 Jan 2020

See all articles by Bishnupriya Gupta

Bishnupriya Gupta

University of Warwick - Department of Economics

Dilip Mookherjee

Boston University - Department of Economics

Kaivan Munshi

Yale University

Mario Sanclemente

University of Warwick

Date Written: December 2019

Abstract

We provide evidence of the role of community networks in emergence of Indian entrepreneurship in early stages of cotton and jute textile industries in the late 19th and early 20th century respectively, overcoming lack of market institutions and government support. From business registers, we construct a yearly panel dataset of entrepreneurs in these two industries. We find no evidence that entry was related to prior upstream trading experience or price shocks. Firm directors exhibited a high degree of clustering of entrepreneurs by community. Entry flows were consistent with a model of network-based dynamics.

Keywords: Industrialization, Social Networks

Suggested Citation

Gupta, Bishnupriya and Mookherjee, Dilip and Munshi, Kaivan and Sanclemente, Mario, Community Origins of Industrial Entrepreneurship in Pre-Independence India (December 2019). CEPR Discussion Paper No. DP14263, Available at SSRN: https://ssrn.com/abstract=3518603

Bishnupriya Gupta (Contact Author)

University of Warwick - Department of Economics ( email )

Coventry CV4 7AL
United Kingdom

Dilip Mookherjee

Boston University - Department of Economics ( email )

270 Bay State Road
Boston, MA 02215
United States
617-353-4392 (Phone)
617-353-4143 (Fax)

Kaivan Munshi

Yale University ( email )

New Haven, CT 06520
United States

Mario Sanclemente

University of Warwick ( email )

Gibbet Hill Rd.
Coventry, West Midlands CV4 8UW
United Kingdom

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