The paper examines the spillover and linkage effects from the presence of foreign firms in the Indian pharmaceutical industry. A comprehensive panel data consisting of nearly 200 firms from 1989 to 2000 was used in the current study. The recent semi-parametric estimation methods as suggested by...

Purpose – This paper aims to examine production linkage and technology spillovers due to the presence of foreign firms in the Indian pharmaceutical industry. Design/methodology/approach – This study employs the semi-parametric estimation method suggested by Olley and Pakes to control for...

The paper examines the spillover and linkage effects from the presence of foreign firms in the Indian pharmaceutical industry. A comprehensive panel data consisting of nearly 200 firms from 1989 to 2000 was used in the current study. The recent semi-parametric estimation methods as suggested by...

This article estimates the long-run production function for a panel of 13Indian manufacturing industries for the period 1981 to 1998. To account for nonstationarity and to avoid spurious regression problems, the panel unit-roots tests as suggested by Im et al. (2003) and the panel cointegration...

The paper empirically examines the dynamic relationship between financial development and economic growth in Australia in terms of bank-based and market-based financial structure. A time-series approach using the VAR Model is used to provide evidence for the dynamic relationship. The paper...

The study, which examines the impact of training on the Singapore labour market, focuses on two main hypotheses. First, does structured training actually benefit those who have undergone training? Second, what factors affect workers' participation in structured training programs? The paper also...

This paper explores the relationship between unemployment (U) and job vacancies (V) in the Singapore labour market. Empirical analysis using the framework of the UV Curve (also known as the Beveridge Curve) indicates that Singapores labour market appears to have improved in its matching...

Rapid global technological changes have resulted in an increase in the demand for workers with higher education. Not only is this trend identified in OECD countries, but it is also observable in most East Asian countries. In response to the intensification of competition caused by the emergence...

The paper studies the effects of the changing age and education composition of the labour force on productivity growth in Singapore. The quality change of workers from aging and education is measured through a quality index. Quality change through education is the key driving force for the...

Despite creating a record of number of jobs in 2007 and 2008 (237,000 jobs in 2007 and 202,400 jobs in the first three quarters of 2008) and averaging a growth rate of nearly 10 percent from 2004 to 2007, Singapore was the first East Asian country to fall into a recession from the current global...