THE INDIAN GROWTH MIRACLE AND ENDOGENOUS GROWTH

Jakob Madsen, Shishir Saxena and James Ang

No 03-09, Monash Economics Working Papers from Monash University, Department of Economics

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 also 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 significantly 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)
JEL-codes: O3 O4 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2009-08
New Economics Papers: this item is included in nep-cse and nep-cwa
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Citations: View citations in EconPapers (14)

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Related works:
Journal Article: The Indian growth miracle and endogenous growth (2010)
Working Paper: THE INDIAN GROWTH MIRACLE AND ENDOGENOUS GROWTH (2008)
Working Paper: THE INDIAN GROWTH MIRACLE AND ENDOGENOUS GROWTH (2008)
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