New PDF release: Globalization of Indian Industries: Productivity, Exports

By Filip De Beule, K. Narayanan

ISBN-10: 9811000824

ISBN-13: 9789811000829

ISBN-10: 9811000832

ISBN-13: 9789811000836

This ebook specializes in Indian production industries and analyses the impression of inward overseas direct funding at the household zone at the one hand, and exports and outward overseas direct funding through Indian businesses at the different. even though the emphasis is generally common, particular industries, corresponding to the automobile or the wind power area also are explored. the variations among high and low know-how industries also are addressed.

In phrases of theoretical atmosphere and research, the e-book attracts either from foreign company and commercial association literature. a number of the features of Indian industries, corresponding to the determinants and affects of R&D, the consequences of spillovers, the drivers of productiveness and technical potency are completely researched using applicable quantitative methodologies which are proper to the explicit area and subject lower than research. The ebook additionally specializes in the bearing of coverage on selling production industries in India and is for this reason of curiosity to researchers, industrialists and coverage makers alike.

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Extra resources for Globalization of Indian Industries: Productivity, Exports and Investment

Example text

Mitra et al. 129 Source Authors’ estimations Notes 1 Standard errors are in parentheses. 2 *, ** indicate statistical significance at the 10 and 5 %, respectively. 3 Sargan is the Sargan (1958) test of over-identifying restrictions. 4 One lag of dependent variable included in the model. 5 AR(2) is Arellano-Bond test for AR(2) in first differences take into account the unobserved time-invariant bilateral specific effects. Second, it can deal with the potential endogeneity arising from the inclusion of the lagged dependent variables and other potentially endogenous variables (see Sect.

Some others, for example Evan and Karras (1994) and Holtz-Eakin (1994) have challenged these findings on methodological ground and showed insignificant or minimal impact of public infrastructure. Nevertheless, with improvement in empirical methodologies, some recent studies again estimated large effects (Stephan 2003; Kamps 2006). In 2 Infrastructure, ICT and Firms’ Productivity and Efficiency … 19 the case of India, Mitra et al. (2002), Hulten et al. (2006) and Sharma and Sehgal (2010) found moderate to large impact of infrastructure on the manufacturing performance.

17) also confirm that TE is closely related to total infrastructure. Results regarding other control variables suggest that 12 It is noteworthy that Chemical, in which TFP and infrastructure are uncorrelated, is responsive to infrastructure in terms of TE. 28 A. Mitra et al. 945) Source Authors’ estimations Notes ** and * denote significant at 5 and 10 % critical level respectively. T-statistics are in parentheses trade and research related activities do not have a really sizable impact on the efficiency of industries, contrary to the results for TFP,13 while the variable size appears as a more constant factor of efficiency growth, especially in Food and Beverage and Non Metallic Mineral Products.

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Globalization of Indian Industries: Productivity, Exports and Investment by Filip De Beule, K. Narayanan


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