000			02061nam a22001577a 4500
999			_c518415 _d518415
008			210923b ||||| |||| 00| 0 eng d
100			_aArjun, K. et al _929440
245			_aOpen door system and endogenous growth in Indian economy: An empirical analysis on the role of human capital and R&D in explaining industrial productivity
260			_aManagement and Labour Studies
300			_a46(1), Feb, 2021: p.24-37
520			_aThe present study investigates the impact of human capital, knowledge capital which is a function of human capital, and real exchange rate scenario in explaining long-run industrial total factor productivity (TFP) from 1980 to 2015 on the theoretical basis of the open endogenous growth model. The variables employed in the contemporary study include manufacturing value added (MNVA) as industrial output measure, gross fixed capital formation (GFCF) as a measure of capital and labour input which is measured using employment data. Gross enrolment ratio (GER) is taken as a measure for human capital formation, expenditure on research and development (R&D) as a proxy for knowledge capital, and real exchange rate indicates global economic shocks. The study involves estimating TFP for Industrial Sector during the post-liberalization period by employing Cobb-Douglas production function. The ARDL bounds test technique for cointegration revealed long-run relation among the varying factors studied. The Toda-Yamamoto causality test concluded bi-directional causality running between, R&D expenditure and Industrial TFP which sends a strong signal to the policymakers for a well-framed long-term integrated approach for human & knowledge capital formation which will act as a strong impetus for manufacturing firms to come up in terms of augmenting production and productivity and expanding foreign market horizon.- Reproduced
650			_aEndogenous growth model, Total factor productivity (TFP), Human capital and technology _927531
773			_aManagement and Labour Studies
906			_aHUMAN CAPITAL
942			_cAR