Characteristics of Indian academic research underlying industrial innovations: an empirical analysis

Abstract

There has neither been any systematic study on the characteristics of academic research that has contributed to product or process improvements in the industry, nor do we know how these projects are funded, and their size. This paper based on 71 Indian capital-goods firms offers insights on the sources, characteristics, and financing of academic research underlying innovations. The finding should be of interest to policy makers concerned with the directions of technical change and attempting to increase the economic value of academic research.