Foreign Technology Acquisition Policy and Firm Performance in Japan, 1957-1970: The Japanese Industrial Policy Revisited
AbstractWe examine the cause and effect of technology acquisition policy on firm performance, using firm-level data between 1957 and 1970. Our results indicate that in the technology acquisition licensing, the government screened a firm's application, based on (i) the industry that the firm belonged to and (ii) firm's sales ranking in the industry. As a result, large but inefficient firms tended to acquire more technologies before the deregulation. Despite such screening process, the technology acquisition policy did not result in a serious failure. The firms that acquired technology grew much faster than those did not during the regulation period.
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Bibliographic InfoPaper provided by CIRJE, Faculty of Economics, University of Tokyo in its series CIRJE F-Series with number CIRJE-F-274.
Length: 25 pages
Date of creation: Apr 2004
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-04-18 (All new papers)
- NEP-HIS-2004-04-18 (Business, Economic & Financial History)
- NEP-INO-2004-04-18 (Innovation)
- NEP-SEA-2004-04-18 (South East Asia)
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