FDI Spillovers and Local Productivity Growth: Evidence from Indian Pharmaceutical Industry

Pradhan, Jaya Prakash

doi:10.21648/arthavij/2002/v44/i3-4/115815

Cited by 17 publications

(15 citation statements)

References 34 publications

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“…The CMIE, established in 1976 is the most accomplished corporate database in India and contains a highly normalized data on time-series built on a sound understanding of disclosures in India on well over 17,000 companies from different sectors. The CMIE has been proved the most conveniently and widely used source of database for the researchers for conducting the empirical studies at the firm-level in the manufacturing sector (Kumar & Basu, 2004;Kumar & Charles, 2009;Pradhan, 2002;Ram Mohan, 2005;Sharma, 2007) as well as the service sector (Ahuja, 1999;Debasish, 2006;Ghosh, 2009;Malhotra & Singh, 2009;Ram Mohan, 2005;Saha & Ravisankar, 2000).…”

Section: Sources Of Data Period Of Study and Samplementioning

confidence: 99%

Benchmarking Indian banks using DEA in post-reform period: a progressive time-weighted mean approach

Kumar

Charles

2011

The Service Industries Journal

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The ranking of banks based on single period data could mislead the management as well as customers, as many one-time influences may wrongly portray banks with lasting strategy. This study uses data envelopment analysis (DEA) models to rank Indian banks based on their performance over 13 years of post-reform period by using the progressive time-weighted means of variable benchmarking superefficiency scores. Furthermore, the relative performances of these banks are evaluated against the 'best practice' bank by using the fixed benchmarking DEA model. The results show no statistical evidence of dominance of either public sector banks over private sector banks or vice-versa when their efficiencies are evaluated with the common frontier. However, the variations in efficiency across the public sector banks are comparatively less as compared with private sector banks. The efficiency based on the ownership frontier further supports our argument that the public sector banks are relatively more consistent in their performance over the years as well as across the banks. The results show a huge difference in the ranking of some of the banks when the usual method of ranking is compared with progressive time-weighted mean approach, where the performance of the banks over the years is taken into account.

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Section: Sources Of Data Period Of Study and Samplementioning

confidence: 99%

Benchmarking Indian banks using DEA in post-reform period: a progressive time-weighted mean approach

Kumar

Charles

2011

The Service Industries Journal

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“…In his analyses of the Indian pharmaceutical industry for spillovers and productivity growth, Pradhan (2002) fi nds limited evidence for spillovers and concludes that there have not been signifi cant host country benefi ts from the presence of foreign fi rms in the Indian pharmaceutical industry. Ray and Venaik (2001) examine the extent of local and foreign linkages fostered through multinational and local enterprise operations in India in 1997-98.…”

Section: Review Of Literaturementioning

confidence: 99%

Foreign Firms and Inter-industry Spillovers in Indian Manufacturing

Iyer

2009

Margin: The Journal of Applied Economic Research

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Foreign direct investment (FDI) has benefi ts both for the host country and the home country. Multinational corporations or foreign fi rms are supposed to have frontier technology, which are expected to have spillover effects on local fi rms when they enter a country. Most studies on Indian industry have focused on intra-industry spillovers and have found some evidence of this. The present study's focus is on inter-industry spillovers (for example, from auto-components to assemblers) on which there are few studies, as the literature unambiguously expects inter-industry spillovers to occur. This paper establishes the presence of spillover effects on domestic fi rms due to horizontal, backward and forward linkages with foreign fi rms in the Indian manufacturing industry, which affect domestic fi rms' productivity. It also establishes that inter-industry spillovers are negative for some industries.

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“…Ini disebabkan aktiviti R&D tempatan penting dalam memaksimakan kesan FDI ke atas tingkat produktiviti. Ini disokong oleh kajian Pradhan (2004), menyatakan bahawa usaha menggalakkan aktiviti R&D dan pemusatan saiz firma tempatan dalam industri perlu dilaksanakan lebih dahulu daripada meliberalisasikan dasar FDI yang dianggap pasif dari sudut pandangan dalam meningkatkan kecekapan produtiviti firma tempatan. Kehadiran firma/ syarikat asing menjadi tidak penting kepada pertumbuhan produktiviti firma tempatan melainkan jika disokong dengan aktiviti R&D tempatan.…”

Section: Kajian Literaturunclassified

Impak Globalisasi terhadap Produktiviti Buruh dalam Sektor Perkhidmatan

2016

JEM

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Globalisasi membawa pelbagai kesan yang menjadi cabaran utama kepada Malaysia dalam meningkatkan produktiviti yang menjadi pengukur bagi daya saing. Atas justifikasi tersebut, kajian ini bertujuan mengkaji impak globalisasi ke atas tingkat produktiviti buruh sektor perkhidmatan bermula alaf baru pada tahun 2000. Data kajian meliputi tempoh 13 tahun dari 2000 hingga 2012. Menggunakan indikator globalisasi terdiri daripada pelaburan langsung asing (FDI), tahap keterbukaan ekonomi (OPN) dan buruh asing (FL), kesan globalisasi ke atas produktiviti buruh sektor perkhidmatan dianalisis menggunakan model kesan rawak dan model panel dinamik Generalized Method of Moments (GMM). Dapatan model kesan rawak menunjukkan pemboleh ubah FDI adalah positif dan signifikan dalam mempengaruhi tingkat produktiviti buruh. Dapatan ini selari dengan dapatan bagi model panel GMM. Sebaliknya, pemboleh ubah OPN secara konsisten menunjukkan hubungan negatif bagi kedua-dua model, sementara FL menunjukkan dapatan yang tidak konsisten. Implikasi dasar daripada dapatan kajian ini ialah negara perlu terus memberi galakan terhadap kemasukan pelabur asing, terutama bagi pelaburan berskala besar dengan kos relatif lebih murah disebabkan FDI mampu meningkatkan tingkat produktiviti buruh sektor perkhidmatan secara signifikan, khususnya dalam jangka panjang. Selanjutnya, pelaburan yang dapat menjana pekerjaan dengan upah tinggi perlu diberi galakan sepenuhnya, di samping usaha menyerap dan mengguna teknologi baru dalam kalangan pelabur tempatan. Ini perlu kerana sektor perkhidmatan perlu dipacu oleh pengetahuan dan asas teknologi yang tinggi supaya sektor ini kekal sebagai sektor yang kompetitif kepada ekonomi negara.

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FDI Spillovers and Local Productivity Growth: Evidence from Indian Pharmaceutical Industry

Cited by 17 publications

References 34 publications

Benchmarking Indian banks using DEA in post-reform period: a progressive time-weighted mean approach

Benchmarking Indian banks using DEA in post-reform period: a progressive time-weighted mean approach

Foreign Firms and Inter-industry Spillovers in Indian Manufacturing

Impak Globalisasi terhadap Produktiviti Buruh dalam Sektor Perkhidmatan

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