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India: Science and Technology 2008 cover
Indian Automotive Industry: Innovation and Growth

The growth of Indian automotive industry from the pre-independence period till date shows distinct phases. It all started in 1940s: the embryonic automotive industry emerged in pre-independent India. Despite the sluggish growth of the economy during 1950-1980, the automotive industry began to witness a relatively fast growth during 1970-1980 mainly due to the leading production…

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Age-structured Human Capital Dynamics and Economic Growth: A Note on Interdependence, Coordination and Welfare

In this chapter, we critically review the role of age-structured human capital in economic growth in the space-time domain and suggest (i) a theoretical framework for modeling growth interdependence across countries due to cross-country human capital accumulation and (ii) construct an empirical test for dynamic spatial growth correlations. Although (aggregate) human capital has been widely…