| Popis: |
Econometric exercises were based on firm level panel data which covers a long-time dimension of the Post-reform era. Three industries were chosen Automobiles (AM), Auto-components (AC), and Two-wheelers (TW). These industries were chosen because of their high degree of exposure to Transnational corporations (TNCs). The results demonstrate that exports are explained positively by TE, firm size, and labour intensity, which implies that firms have become very competitive in the Post-reforms era and large firms started to play important role in exports. TE variable is explained positively by R&D, Imports, Technology purchases and vertical integration. This implies firms augmented their technological efforts in the Post-reform’s era. The result for Vertical integration variable implies India remains a high transaction costs economy. The estimated augmented production function in general shows exposure to international trade and investment results positive benefits to the Indian economy. |
