Strategies of Technology Accumulation by Indian Pharmaceutical Firms: A Multinomial Logit Analysis

Swati Mehta

Millennial Asia, 2014, vol. 5, issue 1, 67-87

Abstract: Driven by technological race, the survival of the firms largely depends upon the technological proximity they possess. Evolutionary theories emphasized that ‘technology’ is a source of growth and its accumulation is a continuous and path-dependent process that require specific and strategic policies. The hypothesis of the article is, thus that ‘both investments in indigenous research and development (R&D) and royalty payments’ are the dominant sources of technology accumulation in the successful firms. For the analysis, the case study of Indian pharmaceutical industry was done for the period from 2000 to 2011 and the multinomial logit model is used for the analysis. However, both the descriptive and econometric analysis refute the hypothesis. Further, the article tried to estimate the dominant choice of technology accumulation in the sector and to find the characteristics of the firms that lead it to make those specific choices.

Keywords: Knowledge; technology accumulation; strategies; multinomial logit model (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0976399613518866 (text/html)

Related works:
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: https://EconPapers.repec.org/RePEc:sae:millen:v:5:y:2014:i:1:p:67-87

DOI: 10.1177/0976399613518866

Access Statistics for this article

More articles in Millennial Asia
Bibliographic data for series maintained by SAGE Publications ().