Basant, Rakesh; Fikkert, Brian - In: The Review of Economics and Statistics 78 (1996) 2, pp. 187-99
Using panel data on Indian firms from 1974-75 to 1981-82, the authors provide estimates of the impact on output of Indian firms' R&D expenditures, their technology purchases, and international and domestic R&D spillovers. The private returns to technology purchases are estimated to be high and...