WHETHER FDI OR EXPORTS ENHANCE INNOVATION: EVIDENCE FROM INDIAN MANUFACTURING FIRMS, 2001-2012
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| Format: | Artículo científico |
| Sprache: | en |
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Universidade de Santiago de Compostela
2017
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| _version_ | 1876435527375257600 |
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| author | Krishan SINGH |
| author_facet | Krishan SINGH |
| contents | WHETHER FDI OR EXPORTS ENHANCE INNOVATION: EVIDENCE FROM INDIAN MANUFACTURING FIRMS, 2001-2012 Krishan SINGH BHATIA Sandeep Kaur Economía y Finanzas FDI R&D Exports technology Manufacturing Abstract:The economic reforms of 1991 resulted in an increased inflow of FDI intotheIndianeconomy. However, for the invention of new techniques and skills, there is a greatneed to investonR&D, requires a huge amount of capital, which can be available throughFDI inflows.Technology has been imported in heavy amount after the implementationofliberalization policies.Therefore,the present study intends to knowwhether FDIcontributes to the Indian manufacturing sector through R&D or not. The average growthof the manufacturing sectorin India (7.93 per cent) has been found considerably higherduring the second decade of reforms (2001-2012) as compared to first decade reforms(1991-2000). In thecontextof this, the present study has tried toexamine the trends andpatternsof FDI and R&D in manufacturing firms of India during theseconddecade ofreforms (2001-12)andalso, to analyze the impact of FDI and exports on R&D inmanufacturing firms of India through fixed effect model. The results suggest that R&D hasbeen significantly impacted by the import of capital goods, foreign equity, disembodiedtechnology,and export intensity during the second decade of liberalization period. Thepresent study suggests that greater approvals for foreign capital inflowsare requiredinIndia, for enhancing the R&D in the manufacturing sector. There must be an appropriatecoordination between public and private sector, which can improve the R&D expenditureof manufacturing firms of India. 2017 artículo científico 1132-2799 https://www.redalyc.org/articulo.oa?id=39153623002 en http://www.redalyc.org/revista.oa?id=391 Revista Galega de Economía application/pdf Universidade de Santiago de Compostela Revista Galega de Economía (España) Num.3 Vol.26 |
| format | Artículo científico |
| id | redalyc_39153623002 |
| institution | Redalyc |
| language | en |
| publishDate | 2017 |
| publisher | Universidade de Santiago de Compostela |
| spellingShingle | WHETHER FDI OR EXPORTS ENHANCE INNOVATION: EVIDENCE FROM INDIAN MANUFACTURING FIRMS, 2001-2012 Krishan SINGH Economía y Finanzas FDI R&D Exports technology Manufacturing WHETHER FDI OR EXPORTS ENHANCE INNOVATION: EVIDENCE FROM INDIAN MANUFACTURING FIRMS, 2001-2012 Krishan SINGH BHATIA Sandeep Kaur Economía y Finanzas FDI R&D Exports technology Manufacturing Abstract:The economic reforms of 1991 resulted in an increased inflow of FDI intotheIndianeconomy. However, for the invention of new techniques and skills, there is a greatneed to investonR&D, requires a huge amount of capital, which can be available throughFDI inflows.Technology has been imported in heavy amount after the implementationofliberalization policies.Therefore,the present study intends to knowwhether FDIcontributes to the Indian manufacturing sector through R&D or not. The average growthof the manufacturing sectorin India (7.93 per cent) has been found considerably higherduring the second decade of reforms (2001-2012) as compared to first decade reforms(1991-2000). In thecontextof this, the present study has tried toexamine the trends andpatternsof FDI and R&D in manufacturing firms of India during theseconddecade ofreforms (2001-12)andalso, to analyze the impact of FDI and exports on R&D inmanufacturing firms of India through fixed effect model. The results suggest that R&D hasbeen significantly impacted by the import of capital goods, foreign equity, disembodiedtechnology,and export intensity during the second decade of liberalization period. Thepresent study suggests that greater approvals for foreign capital inflowsare requiredinIndia, for enhancing the R&D in the manufacturing sector. There must be an appropriatecoordination between public and private sector, which can improve the R&D expenditureof manufacturing firms of India. 2017 artículo científico 1132-2799 https://www.redalyc.org/articulo.oa?id=39153623002 en http://www.redalyc.org/revista.oa?id=391 Revista Galega de Economía application/pdf Universidade de Santiago de Compostela Revista Galega de Economía (España) Num.3 Vol.26 |
| title | WHETHER FDI OR EXPORTS ENHANCE INNOVATION: EVIDENCE FROM INDIAN MANUFACTURING FIRMS, 2001-2012 |
| topic | Economía y Finanzas FDI R&D Exports technology Manufacturing |
| url | https://www.redalyc.org/articulo.oa?id=39153623002 |