This paper finds that technology stocks and spillovers, have significantly affected the output of Indian manufacturing firms, over the period 1994 to 2006. The technology of a firm is measured, as embodied in its recent stock of plant & machinery, as well as generated through its own R&D....

Using over half a century of R&D data for India, this paper tests whether the second-generation endogenous growth theories are consistent with India’s growth experience. Furthermore, the paper also examines the extent to which growth in India can be explained by R&D activity, international R&D...

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...