Technology Spillovers from Foreign Direct Investment in the Indian Pharmaceutical Industry
We examine whether knowledge spillovers from MNCs' local R&D activities benefit domestic firms in the Indian pharmaceutical industry from 1980-1994. In a policy environment that restricted FDI and provided weak intellectual property protection, we find that the only significant R&D spillovers in the Indian pharmaceutical sector were between MNCs and each other. We explore the implications of our findings in light of India's economic and industrial policy goals and implementation.© 2001 JIBS. Journal of International Business Studies (2001) 32, 421–437
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Volume (Year): 32 (2001)
Issue (Month): 3 (September)
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