Madsen, Jakob B.; Saxena, Shishir; Ang, James B. - College of Business and Economics, Australian National … - 2008
Using over half a century of R&D data for India, this paper examines the extent to which India’s recent growth experience can be explained by R&D, international R&D spillovers, catch-up to the technology frontier and financial liberalization. Furthermore, the paper also tests whether any of...