FOREIGN DIRECT INVESTMENT AND TECHNOLOGY SPILLOVER---EVIDENCE ACROSS INDIAN MANUFACTURING INDUSTRIES

Smruti Ranjan Behera, Pami Dua and Bishwanath Goldar
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Smruti Ranjan Behera: Department of Economics,Shyamlal College,University of Delhi
Bishwanath Goldar: V.K.R.V. Rao Centre for Studies in Globalization Institute of Economic Growth, University Enclave, Delhi

No 207, Working papers from Centre for Development Economics, Delhi School of Economics

Abstract: The paper attempts to analyze the spillover effect of Foreign Direct Investment (FDI) across Indian manufacturing industries. Foreign presence by way of FDI brings new channels of technology spillover to the domestic industrial firms in the form of enhanced efficiency and diffusion of knowledge in the long-run. By carrying out Pedroni cointegration tests, the analysis tries to provide a long-run relationship between endogenous variables and explanatory variables, pertaining to technology spillovers across Indian manufacturing industries. We find that technology spillovers are relatively higher in industries like food products, textiles, chemicals, drugs and pharmaceuticals and non-metallic mineral products.

Keywords: Foreign Direct Investment; Technology Spillover; Manufacturing; Panel Cointegration; Unit Root Tests. (search for similar items in EconPapers)
JEL-codes: C22 C23 E23 F43 O41 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2012-01
New Economics Papers: this item is included in nep-cse and nep-eff
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Journal Article: FOREIGN DIRECT INVESTMENT AND TECHNOLOGY SPILLOVER: EVIDENCE ACROSS INDIAN MANUFACTURING INDUSTRIES (2012)
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