R&D in Indian manufacturing enterprises: what shapes it?

Saibal Ghosh

Economics of Innovation and New Technology, 2009, vol. 18, issue 4, pages 337-352

Abstract: The article examines the factors influencing research and development (R&D) in manufacturing entities. Using data on a large sample of companies for the period 1995-2007, the finding indicates that large companies have a higher probability of pursuing R&D, although with lower intensity. In terms of magnitudes, a 10% increase in firm size raises R&D intensity by roughly 0.6%. Both the intensity and the probability of undertaking R&D initially declines for older firms. Outward orientation, and especially foreign currency earnings, has a significant bearing on R&D efforts. R&D efforts are also found to vary significantly across firm ownership.

Keywords: R&D intensity; leverage ratio; Tobit model; India (search for similar items in EconPapers)
Date: 2009

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Persistent link: http://EconPapers.repec.org/RePEc:taf:ecinnt:v:18:y:2009:i:4:p:337-352

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