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The Indian growth miracle and endogenous growth

Jakob Madsen (), Shishir Saxena and James Ang ()

Journal of Development Economics, 2010, vol. 93, issue 1, 37-48

Abstract: Using over half a century of R&D data for India, this paper tests whether the second-generation endogenous growth theories are consistent with India's growth experience. Furthermore, the paper examines the extent to which growth in India can be explained by R&D activity, international R&D spillovers, catch-up to the technology frontier and policy reforms. The empirical results show that the growth in India over the past five decades has been driven by research intensity following the predictions of Schumpeterian growth theory.

Keywords: Schumpeterian; growth; Semi-endogenous; growth; R&; D (search for similar items in EconPapers)
Date: 2010
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Related works:
Working Paper: THE INDIAN GROWTH MIRACLE AND ENDOGENOUS GROWTH (2009) Downloads
Working Paper: THE INDIAN GROWTH MIRACLE AND ENDOGENOUS GROWTH (2008) Downloads
Working Paper: THE INDIAN GROWTH MIRACLE AND ENDOGENOUS GROWTH (2008) Downloads
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