Liberalization, Firm Size and R&D Performance: A Firm Level Study of Indian Pharmaceutical Industry

Author Name Jaya Prakash Pradhan
Author Name: 
Jaya Prakash Pradhan

The paper attempts to empirically verify the impact of economic liberalization on the R&D behaviour of Indian pharmaceutical firms controlling for the effects of several firm specific characteristics including firm size. The study suggests several policy measures to further indigenous technological efforts of pharmaceutical firms, which include, removing obstacles that inhibit outward orientation of firms, providing special scheme for small size firms in the overall technology policy for the industry, intensifying collaborative research efforts between private sectors and government research institution among others.