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R&D in Indian manufacturing enterprises: what shapes it?

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  • Saibal Ghosh

Abstract

The article examines the factors influencing research and development (R&D) in manufacturing entities. Using data on a large sample of companies for the period 1995-2007, the finding indicates that large companies have a higher probability of pursuing R&D, although with lower intensity. In terms of magnitudes, a 10% increase in firm size raises R&D intensity by roughly 0.6%. Both the intensity and the probability of undertaking R&D initially declines for older firms. Outward orientation, and especially foreign currency earnings, has a significant bearing on R&D efforts. R&D efforts are also found to vary significantly across firm ownership.

Suggested Citation

  • Saibal Ghosh, 2009. "R&D in Indian manufacturing enterprises: what shapes it?," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 18(4), pages 337-352.
    • Handle: RePEc:taf:ecinnt:v:18:y:2009:i:4:p:337-352
    DOI: 10.1080/10438590801984981
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    References listed on IDEAS

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    1. John Bound & Clint Cummins & Zvi Griliches & Bronwyn H. Hall & Adam B. Jaffe, 1984. "Who Does R&D and Who Patents?," NBER Chapters, in: R&D, Patents, and Productivity, pages 21-54, National Bureau of Economic Research, Inc.
    2. Sanjaya Lall, 1987. "Learning to Industrialize," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-18798-0.
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    Cited by:

    1. Ghosh, Saibal, 2009. "Productivity and Financial Structure: Evidence from Indian High-Tech Firms," MPRA Paper 19467, University Library of Munich, Germany.
    2. Ghosh, Saibal, 2016. "Banker on board and innovative activity," Journal of Business Research, Elsevier, vol. 69(10), pages 4205-4214.
    3. Pradhan, Jaya Prakash, 2011. "Regional heterogeneity and firms’ innovation: the role of regional factors in industrial R&D in India," MPRA Paper 28096, University Library of Munich, Germany.
    4. Saibal Ghosh, 2016. "Billionaire Wealth, Firm Performance and Financial Crisis: An Empirical Analysis for India," South Asian Journal of Macroeconomics and Public Finance, , vol. 5(2), pages 133-156, December.
    5. Swati Mehta, 2014. "Strategies of Technology Accumulation by Indian Pharmaceutical Firms: A Multinomial Logit Analysis," Millennial Asia, , vol. 5(1), pages 67-87, April.
    6. Harishankar Jagadeesh & Subash Sasidharan, 2014. "Do Stronger IPR Regimes Influence R&D Efforts? Evidence from the Indian Pharmaceutical Industry," Global Business Review, International Management Institute, vol. 15(2), pages 189-204, June.
    7. Ivus, Olena & Jose, Manu & Sharma, Ruchi, 2021. "R&D tax credit and innovation: Evidence from private firms in india," Research Policy, Elsevier, vol. 50(1).

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