Liberalisation and Technological Accumulation Strategy in Industries from Developing Economies: An Analysis of Indian Capital Goods Manufacturing Firms

IF 1.3 Q1 AREA STUDIES Millennial Asia Pub Date : 2022-06-21 DOI:10.1177/09763996221092243

Swarnjeet Kaur, Swati Mehta

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引用次数: 1

Abstract

Technological accumulation is a complex process of correct mix of indigenous and/or imported technology, mainly for the firms belonging to developing economies after opening their economies. To understand these issues, the case of Indian capital goods industry is taken for the years 1994–1995 to 2015–2016. It was found that only 39% of the firms belonging to Indian capital goods sector are technologically active, that is, resorting to either embodied or disembodied technology acquisition. Multinomial logit model is estimated to find the impact of various variables in determining the strategy of technology accumulation. The factors such as age, size, technology spillovers and outward foreign direct investment were found to have a positive impact on the firms to resort to ‘indigenous R&D only’ as a strategy of technology accumulation. While ‘disembodied technology import only’ is influenced by factors like embodied and disembodied technology imports. However, strategy ‘both indigenous R&D and disembodied technology import’ is found to be influenced by foreign equity participation, mergers and acquisitions.

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发展中经济体产业的自由化与技术积累战略——对印度资本品制造企业的分析

技术积累是一个将本土技术和/或进口技术正确结合的复杂过程，主要是对开放经济后属于发展中经济体的公司来说。为了理解这些问题，以印度资本货物行业为例，考察了1994-1995年至2015-2016年的情况。研究发现，在印度资本货物部门，只有39%的公司在技术上是活跃的，即诉诸于具体或非实体的技术收购。对多项式logit模型进行了估计，以发现各种变量对决定技术积累策略的影响。研究发现，年龄、规模、技术溢出和对外直接投资等因素对企业将“本土研发”作为技术积累战略产生了积极影响。而“仅限无实体技术进口”则受到具体技术进口和无实体技术出口等因素的影响。然而，研究发现，“本土研发和非实体技术进口”战略受到外国股权参与、并购的影响。

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来源期刊

Millennial Asia AREA STUDIES-

CiteScore

4.50

自引率

12.50%

发文量

期刊介绍： Millennial Asia: An International Journal of Asian Studies is a multidisciplinary, refereed biannual journal of the Association of Asia Scholars (AAS)–an association of the alumni of the Asian Scholarship Foundation (ASF). It aims to encourage multifaceted, multidisciplinary and interdisciplinary research on Asia, in order to understand its fast changing context as a growth pole of global economy. By providing a forum for Asian scholars situated globally, it promotes dialogue between the global academic community, civil society and policy makers on Asian issues. The journal examines Asia on a regional and comparative basis, emphasizing patterns and tendencies that go beyond national borders and are globally relevant. Modern and contemporary Asia has witnessed dynamic transformations in cultures, societies, economies and political institutions, among others. It confronts issues of collective identity formation, ecological crisis, rapid economic change and resurgence of religion and communal identifies while embracing globalization. An analysis of past experiences can help produce a deeper understanding of contemporary change. In particular, the journal is interested in locating contemporary changes within a historical perspective, through the use of interdisciplinary and multidisciplinary approaches. This way, it hopes to promote comparative studies involving Asia’s various regions. The journal brings out both thematic and general issues and the thrust areas are: Asian integration, Asian economies, sociology, culture, politics, governance, security, development issues, arts and literature and any other such issue as the editorial board may deem fit. The core fields include development encompassing agriculture, industry, regional trade, social sectors like health and education and development policy across the region and in specific countries in a comparative perspective.