English, Article, Journal or magazine article edition: THE INDIAN GROWTH MIRACLE AND ENDOGENOUS GROWTH Jakob Madsen; Shishir Saxena; James Ang

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Bookmark: http://trove.nla.gov.au/version/16332
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • THE INDIAN GROWTH MIRACLE AND ENDOGENOUS GROWTH
Author
  • Jakob Madsen
  • Shishir Saxena
  • James Ang
Physical Description
  • preprint
Notes
  • RePEc:mos:moswps:2008-17
  • 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 the competing second-generation endogenous growth theories can explain India’s growth experience. The findings provide support for Schumpeterian growth theory and indicate that the recent high growth rates in India are likely to continue well into the future.
  • Schumpeterian growth; semi-endogenous growth; R&​D,
  • RePEc:msh:moswps:2008-17
Language
  • English
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