Technology And Spillovers: Evidence From Indian Manufacturing Micro-Data
This paper finds that technology stocks and spillovers, have significantly affected the output of Indian manufacturing firms, over the period 1994 to 2006. The technology of a firm is measured, as embodied in its recent stock of plant & machinery, as well as generated through its own R&D. Moreover, investments in both these types of capital by a firm, also generate learning and level of development effects, for all other firms in that industry.
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