EconPapers    
Economics at your fingertips  
 

THE INDIAN GROWTH MIRACLE AND ENDOGENOUS GROWTH

Jakob Madsen (), Shishir Saxena and James 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)
Pages: 27 pages
Date: 2008-06-05
New Economics Papers: this item is included in nep-cse, nep-cwa and nep-fdg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed

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

Related works:
Journal Article: The Indian growth miracle and endogenous growth (2010) Downloads
Working Paper: THE INDIAN GROWTH MIRACLE AND ENDOGENOUS GROWTH (2009) Downloads
Working Paper: THE INDIAN GROWTH MIRACLE AND ENDOGENOUS GROWTH (2008) Downloads
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: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 Department of Economics, Monash University, Victoria 3800, Australia. Contact information at EDIRC.
Bibliographic data for series maintained by Simon Angus ().

 
Page updated 2020-03-30
Handle: RePEc:mos:moswps:2008-17