R&D IN INDIAN MANUFACTURING FIRMS: EFFECTS OF AGE, SIZE & TECHNOLOGY TRANSFER

Rupika Khanna (), Abhay Pant and Gaurav Kumar ()
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Rupika Khanna: Economics and Public Policy Area, Indian Institute of Management Rohtak, India
Abhay Pant: Economics and Public Policy Area, Indian Institute of Management Rohtak, India
Gaurav Kumar: Financial Engineering Area, School of Management and Entrepreneurship, IIT Jodhpur, India

The Singapore Economic Review (SER), 2024, vol. 69, issue 07, 2083-2096

Abstract: Using firm-level data from 7165 firms from Indian manufacturing, this paper explores the effects of firm age and size on its inclination to invest in research and development (R&D). The paper addresses the inadequately answered question on the choice between in-house R&D and technology purchase from foreign firms. To the best of author’s knowledge, this is the first study to examine the impact of age, size and technology transfer on firm’s inclination to invest in R&D for the manufacturing sector in India. Our results suggest that young firms are more likely to invest in R&D. A firm’s exports further increase its propensity towards R&D. Contrary to the previous results, we show that young and small firms possibly use in-house R&D as a complementary input with purchased foreign technology. Thereafter, policy prescriptions are drawn.

Keywords: Age; size; technology transfer; research and development; India; manufacturing firms (search for similar items in EconPapers)
JEL-codes: D24 L60 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1142/S0217590821500065

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