Liberalisation, FDI, and productivity spillovers—an analysis of Indian manufacturing firms
Liberalisation, FDI, and productivity spillovers—an analysis of Indian manufacturing firms
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DOI：
10.1093/oep/54.4.688
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发表时间：
2002-10
期刊：
影响因子：
--
通讯作者：
V. Kathuria
中科院分区：
文献类型：
--
作者：
V. Kathuria
1991年印度贸易、技术和工业政策改革的目标是使印度工业具有竞争力。鉴于这些尝试的变化，本文件测试了两个假设，即（a）是否自由化提高了当地企业的生产力;（B）是否从技术转让的溢出效应增加了自由制度。为了检验这些，技术从面板数据和随机生产前沿属于24个三位数的制造业的487家公司在1989- 90至1996- 97年期间。结果表明，自由化后，印度工业，特别是外资企业的生产率有所提高。计量经济学的结果表明，只有“科学”的非外国直接投资公司受益于自由化。对于“非科学”公司，其影响被发现是生产力压抑。关于溢出效应，只有那些投资于研发以解码溢出知识的国内公司才能受益。版权所有2002年，牛津大学出版社。
The objective of the intensification of reforms in India's trade, technology and industry policies in 1991 was to make Indian industry competitive. In the light of these attempted changes, the present paper tested two hypotheses, namely (a) whether liberalisation has improved the productivity of local firms; and (b) whether the spillovers from technology transfer have increased in the liberal regime. To test these, techniques from panel data and stochastic production frontier were employed on 487 firms belonging to 24 three-digit manufacturing industries for the period 1989--90 to 1996--97. The results showed that after liberalisation, the productivity of Indian industry, especially the foreign owned firms, has improved. The econometric results suggested that only 'scientific' non-FDI firms have benefited from the liberalisation. For the 'non-scientific' firms, the impact is found to be productivity depressing. With respect to spillovers, only those domestic firms, which invested in R&D to decode the spilled knowledge, could benefit. Copyright 2002, Oxford University Press.