期刊名称：Discussion Paper Series / Department of Economics, Monash University
出版年度：2008
卷号：1
出版社：Monash University
摘要：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.
