The impact of R & D and FDI on firm growth in emerging-developing countries : Evidence from Indian Manufacturing Industries

@inproceedings{Adamou2007TheIO,
  title={The impact of R & D and FDI on firm growth in emerging-developing countries : Evidence from Indian Manufacturing Industries},
  author={Adamos Adamou and Subash Sasidharan},
  year={2007}
}
This paper examines the impact of R&D and FDI on firm growth for a panel data of Indian manufacturing firms. We argue that besides age and size, FDI and R&D are essential determinants of firm growth. We use GMM estimation for fixed effects panel data models to control for endogenity of R&D and FDI. We find that an increase in current R&D induces higher growth across all industries; where as the effect of increase in FDI is mixed higher growth in some industries and lower growth in some others… CONTINUE READING

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