Foreign technology acquisition policy and firm performance in Japan, 1957-1970: Micro-aspects of industrial policy
AbstractWe examine the determinants and effects of technology acquisition licensing, using firm-level data between 1957 and 1970. Our results indicate that in technology acquisition licensing, the government screened a firm's application based on (i) the industry that the firm belonged to and (ii) its past experience of technology acquisition. As a result, inefficient firms with considerable experience tended to acquire more technologies before deregulation. Despite this screening process, the technology acquisition policy contributes to improve a firm performance: The firms with acquired technology succeeded in capital accumulation, which results in much faster growth of labor productivity.
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Bibliographic InfoArticle provided by Elsevier in its journal International Journal of Industrial Organization.
Volume (Year): 23 (2005)
Issue (Month): 7-8 (September)
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Web page: http://www.elsevier.com/locate/inca/505551
Other versions of this item:
- Kozo Kiyota & Tetsuji Okazaki, 2005. "Foreign Technology Acquisition Policy and Firm Performance in Japan, 1957-1970: Micro-aspects of Industrial Policy," CIRJE F-Series CIRJE-F-329, CIRJE, Faculty of Economics, University of Tokyo.
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