THE INDIAN GROWTH MIRACLE AND ENDOGENOUS GROWTH

Jakob Madsen, Shishir Saxena and James Ang

No 17/08, Monash Economics Working Papers from Monash University, Department of Economics

Abstract: Using over half a century of R&D data for India, this paper examines the extent to which India's recent growth experience can be explained by R&D, international R&D spillovers, catch-up to the technology frontier and financial liberalization. Furthermore, the paper also tests whether any of the competing second-generation endogenous growth theories can explain India's growth experience. The findings provide support for Schumpeterian growth theory and indicate that the recent high growth rates in India are likely to continue well into the future.

Keywords: Schumpeterian growth; semi-endogenous growth; R&D, (search for similar items in EconPapers)
JEL-codes: O3 O4 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2008-06-05
New Economics Papers: this item is included in nep-cse, nep-cwa and nep-fdg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Related works:
Journal Article: The Indian growth miracle and endogenous growth (2010)
Working Paper: THE INDIAN GROWTH MIRACLE AND ENDOGENOUS GROWTH (2009)
Working Paper: THE INDIAN GROWTH MIRACLE AND ENDOGENOUS GROWTH (2008)
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