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
Year of publication: |
2001
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Authors: | Feinberg, Susan E ; Majumdar, Sumit K |
Published in: |
Journal of International Business Studies. - Palgrave Macmillan, ISSN 0047-2506. - Vol. 32.2001, 3, p. 421-437
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Publisher: |
Palgrave Macmillan |
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