Economic liberalisation and R&D and innovation responses of Indian public and private sector industries

Pulak Das

International Journal of Management and Decision Making, 2004, vol. 5, issue 1, 76-92

Abstract: Based on published secondary data, the study found that R&D and innovation responses of Indian public and private sector industries were similar in certain areas while they were quite different in certain other areas. Following economic liberalisation, growth rates of annual expenditure for in-house R&D of private sector industries increased but that of public sector industries came down. Barring a few exceptions, the R&D intensity of most industries decreased. The total annual innovation output of both public and private sectors came down after economic liberalisation. However, these changes in the rate of annual output of different types of innovations have been different for public and private sectors. Following economic liberalisation, there are signs of different only comparative advantages of R&D of public and private sector industries for the development of different types of innovations.

Keywords: economic liberalisation; R&D expenditure; public sector; economy of scale; entry barrier; innovation; comparative advantage; India; research and development. (search for similar items in EconPapers)
Date: 2004
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