One way for a developing country to quickly meet the socio‐economic standards of the developed world is to seamlessly integrate science and technology in prudent public policymaking that enables such standards. We study the antecedents of... more
One way for a developing country to quickly meet the socio‐economic standards of the developed world is to seamlessly integrate science and technology in prudent public policymaking that enables such standards. We study the antecedents of innovative thinking among public administrators through the ordered logit model. Data was collected from 218 public administrative leaders. Innovative thinking as a competency is not gendered. Age and the education background seem to affect innovative thinking marginally. We contribute to cementing our understanding of the individual‐level antecedents affecting innovation as a competency for a complex context like India. Practical and policy implications of our findings include recruiting relatively young officers into service and providing foundational training or courses to officers from arts and law backgrounds, as they seemed to have slightly lower levels of innovative thinking.
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Research Interests:
Abstract This study has picked up an essential question for the Indian pharmaceutical industry, whether innovation and internationalisation follow a two-way relationship during the product patent regime. This study analyzes the role of... more
Abstract This study has picked up an essential question for the Indian pharmaceutical industry, whether innovation and internationalisation follow a two-way relationship during the product patent regime. This study analyzes the role of product, process and variety of innovation on exporting activities of 168 pharmaceutical firms from 2006 to 2013. For this purpose, this study applies two-stage least square probit and tobit model on innovation and export equation separately. The results show the feedback relation between export and innovative performance while there is a differential effect of product and process innovation on exporting. The results strongly support the learning-by-exporting and product-life cycle hypothesis. European origin firms are more likely to be innovative and export-oriented, while U.S. origin firms influence the firms' innovative performance. Business strategy should take account of benefits from the dynamic interaction of innovative and exporting activities and make their strategic decisions carefully.
Research Interests:
Research Interests:
This study assesses the degree to which the social value of patents can be connected to the private value of patents across discrete and complex innovation. The underlying theory suggests that the social value of cumulative patents is... more
This study assesses the degree to which the social value of patents can be connected to the private value of patents across discrete and complex innovation. The underlying theory suggests that the social value of cumulative patents is less related to the private value of patents. We use the patents applied between 1995 and 2002 and granted on or before December 2018 from the Indian Patent Office (IPO). Here, the patent renewal information is utilised as a proxy for the private value of the patent. We have used a variety of logit regression model for the impact assessment analysis. The results reveal that the technology classification (i.e., discrete vs. complex innovations) plays an important role in patent value assessment, and some technologies are significantly different than the others even within the two broader classifications. Moreover, the non-resident patents in India are more likely to have a higher value than the resident patents. According to the conclusions of this stud...
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This study uses patent renewal information to estimate the private value of patents. Patent value refers to the economic reward that the inventor extracts from commercialising the patented invention. Our empirical analysis comprises 555... more
This study uses patent renewal information to estimate the private value of
patents. Patent value refers to the economic reward that the inventor
extracts from commercialising the patented invention. Our empirical
analysis comprises 555 patents with applications filed between 1999 and
2002. The term of these patents either ended in 2018 or lapsed due to
non-payment of the renewal fee. We model the renewal decision of
patentee as ordered probit where patent renewal fee increases with the
age of the patent. Variables, such as patent family size, technological
scope, number of inventors and grant lag, are used as explanatory
variables in the corresponding regression. Hence, this paper combines
the patentee’s renewal decision along with patents’ characteristics and
renewal cost schedule to estimate the initial rent distribution. We find
that a large number of patents expire at an early stage leaving few
patents with high value corroborating the results of studies using
European, American and Chinese data. As expected, patents from certain technology class enjoy high valuation.
patents. Patent value refers to the economic reward that the inventor
extracts from commercialising the patented invention. Our empirical
analysis comprises 555 patents with applications filed between 1999 and
2002. The term of these patents either ended in 2018 or lapsed due to
non-payment of the renewal fee. We model the renewal decision of
patentee as ordered probit where patent renewal fee increases with the
age of the patent. Variables, such as patent family size, technological
scope, number of inventors and grant lag, are used as explanatory
variables in the corresponding regression. Hence, this paper combines
the patentee’s renewal decision along with patents’ characteristics and
renewal cost schedule to estimate the initial rent distribution. We find
that a large number of patents expire at an early stage leaving few
patents with high value corroborating the results of studies using
European, American and Chinese data. As expected, patents from certain technology class enjoy high valuation.
Research Interests:
This study examines the relationship between 287 pharmaceutical firms’ patent quality and their performance, measured by the profitability ratio and return on assets (ROA) in India. ROA measures the economic efficiency in relation to its... more
This study examines the relationship between 287 pharmaceutical firms’ patent quality and their performance, measured by the profitability ratio and return on assets (ROA) in India. ROA measures the economic efficiency in relation to its overall resource, whereas the profitability ratio measures how much a firm can earn a profit on a rupee of sales. Based on the theoretical model, this study hypothesized that the quality of both product and process innovation positively impacts the firm performance. The quality of patent (innovation) is measured through Revealed Technology Advantage (RTA) and Relative Patent Position (RPP) in the most important technology, i.e. a technology where firms have a maximum patent. RTA measures the technological competencies in one particular technological field compared to other firms. On the other hand, RPP measures the firms leading position in a technological field compared to leader firms in that technology. The results drawn for both quality indicato...
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This study examines the Fisher's hypothesis by utilizing the dataset on India's macroeconomic variables with the objective to check whether long-run empirical relationship between the nominal interest rate and inflation... more
This study examines the Fisher's hypothesis by utilizing the dataset on India's macroeconomic variables with the objective to check whether long-run empirical relationship between the nominal interest rate and inflation expectation exists. To this end, study is conducted on monthly data from Jan-1993 to Mar-2015 by utilizing the autoregressive distributed lag model or bounds testing approach developed by Pesaran, Shin, and Smith (2001). The bounds testing is applied to analyze the co-integration and short-and long-run relationship among variables, for a different combination of the Fisher hypothesis. The present study concludes the existence of a long-run relationship between Treasury bill and expected inflation (estimated by WPI), with a long-run coefficient equal to 0.54, implying partial Fisher effect. While the long-run relationship does not exist between Treasury bill and expected inflation (estimated by CPI). Similarly, long-run relationship although not of one to one ...
Research Interests:
Research Interests:
Abstract This study has picked up an essential question for the Indian pharmaceutical industry, whether innovation and internationalisation follow a two-way relationship during the product patent regime. This study analyzes the role of... more
Abstract This study has picked up an essential question for the Indian pharmaceutical industry, whether innovation and internationalisation follow a two-way relationship during the product patent regime. This study analyzes the role of product, process and variety of innovation on exporting activities of 168 pharmaceutical firms from 2006 to 2013. For this purpose, this study applies two-stage least square probit and tobit model on innovation and export equation separately. The results show the feedback relation between export and innovative performance while there is a differential effect of product and process innovation on exporting. The results strongly support the learning-by-exporting and product-life cycle hypothesis. European origin firms are more likely to be innovative and export-oriented, while U.S. origin firms influence the firms' innovative performance. Business strategy should take account of benefits from the dynamic interaction of innovative and exporting activities and make their strategic decisions carefully.
Research Interests:
This study uses patent renewal information to estimate the private value of patents. Patent value refers to the economic reward that the inventor extracts from commercialising the patented invention. Our empirical analysis comprises 555... more
This study uses patent renewal information to estimate the private value of patents. Patent value refers to the economic reward that the inventor extracts from commercialising the patented invention. Our empirical analysis comprises 555 patents with applications filed between 1999 and 2002. The term of these patents either ended in 2018 or lapsed due to non-payment of the renewal fee. We model the renewal decision of patentee as ordered probit where patent renewal fee increases with the age of the patent. Variables, such as patent family size, technological scope, number of inventors and grant lag, are used as explanatory variables in the corresponding regression. Hence, this paper combines the patentee’s renewal decision along with patents’ characteristics and renewal cost schedule to estimate the initial rent distribution. We find that a large number of patents expire at an early stage leaving few patents with high value corroborating the results of studies using European, America...
Research Interests:
This study estimates efficiency in energy utilization at firm level and feasible energy saving target of the pulp and paper industry in India. For this analysis, data is extracted from prowess database for a panel of 67 major pulp and... more
This study estimates efficiency in energy utilization at firm level and feasible energy saving target of the pulp and paper industry in India. For this analysis, data is extracted from prowess database for a panel of 67 major pulp and paper producing firms over the period of 2003–04 to 2013–14. We employed radial and non-radial variants of data envelopment analysis to assess the feasible energy saving target with the current level of output. Particularly, we employed slack-based method with variable returns to scale as a flexible and pragmatic approach to performance analysis. Results reveal no significant improvement in the energy efficiency level of the firms over the study period and show vast energy saving potential. Results of slack-based measure of energy efficiency show the feasible energy saving potential of 40%. Further, size of the firm, age and financial performance are important factors that influence energy efficiency. Therefore, this study recommends special attention to the paper industry while implementing energy efficiency programme. We also reviewed four major policies for industrial energy efficiency improvement initiated by Bureau of Energy Efficiency, India.