Technology Production and Technology Purchase in Indian Industry: An Econometric Analysis

An econometric analysis of the decisions of Indian firms to invest in their own R&D and to purchase technology (through licensing agreements) is undertaken. These decisions are treated as being jointly determined by characteristics of Indian industries, Indian prices, and the supply of purchasable foreign technology. The study finds that industrial structure, firm size, and public and private ownership influence the mix of own R&D and technology purchase. The pool of purchasable foreign technology indices both increased adaptive R&D and technology purchase by Indian firms. Copyright 1989 by MIT Press.

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