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Adrien Matray

Assistant Professor of Economics · Princeton University

Assistant Professor of economics at Princeton University's Bendheim Center for Finance per a dated profile; works on the real effects of finance and financial reforms, behavioural finance and household finance. Co-authored the Econometrica paper on capital market integration in India with Natalie Bau.

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Published Classic Econometrica Online 1 Jan 2023 Published Jan 2023

Misallocation and Capital Market Integration: Evidence From India

Natalie Bau · Adrien Matray

India liberalised foreign equity investment industry by industry in 2001 and 2006, and that staggered timing identifies what the policy did to the *distribution* of capital rather than only its level. …

Capital Misallocation Capital Flows Development Economics Productivity Financial Frictions