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