ABSTRACT

This study investigates the capability of innovation in India from a neo-Schumpeterian perspective, mainly focusing on the non-R&D aspects. We choose this focus for three reasons: (i) Based on our exploratory analysis, the investigation of innovation needs to go beyond the R&D effort (of manufacturing firms); (ii) R&D outlays alone may not fully explain innovation, particularly in resource-scare transition economies like India; and, (iii) Motivated by the theoretical underpinnings of the neo-Schumpeterian literature highlighting the process of interaction that enable the nurturing of innovation capabilities through national innovation system (NIS). Using Indian data from 1981 to 2017, of the non-R&D aspects of inputs, such as human capital, financial capital as internal factors; openness, FDI, and remittances as external factors. Estimated results from the cointegration analysis indicate that human capital and remittances are significant, but FDI has little impact, and openness (in terms of exports and imports) has an insignificant effect on innovation.

摘要

本研究从新熊彼特的角度研究印度的创新能力，主要关注非研发方面。我们选择这个重点有三个原因：（i）根据我们的探索性分析，对创新的调查需要超越（制造企业的）研发工作；(ii) 仅靠研发支出可能无法完全解释创新，尤其是在印度等资源匮乏的转型经济体中；(iii) 受到新熊彼特文献的理论基础的启发，这些文献强调了通过国家创新体系 (NIS) 培养创新能力的互动过程。使用印度 1981 年至 2017 年的数据，将人力资本、金融资本等投入的非研发方面作为内部因素；开放性、外国直接投资和汇款作为外部因素。