THE INDIAN GROWTH MIRACLE AND ENDOGENOUS GROWTH

Jakob B. Madsen (), Shishir Saxena and James B. 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)
New Economics Papers: this item is included in nep-cse, nep-cwa and nep-fdg
Date: 2008-06-05
View list of references

Downloads: (external link)
http://www.buseco.monash.edu.au/eco/research/paper ... nmadsensaxenaang.pdf (application/pdf)

Related works:
Working Paper: THE INDIAN GROWTH MIRACLE AND ENDOGENOUS GROWTH (2008)
Working Paper: THE INDIAN GROWTH MIRACLE AND ENDOGENOUS GROWTH (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:mos:moswps:2008-17

Ordering information: This working paper can be ordered from
http://www.buseco.mo ... eco/research/papers/

Access Statistics for this paper

More papers in Monash Economics Working Papers from Monash University, Department of Economics
Address: Department of Economics, Monash University, Victoria 3800, Australia
Contact information at EDIRC.
Series data maintained by Simon Angus ().