Knowledge sourcing and firm performance in an industrializing economy: the case of Taiwan in the 1990s
AbstractThis paper examines the impact of R&D and technology imports on firm performance in Taiwan’s manufacturing industry. Using a panel of 27,754 firms observed from 1992 to 1995, we estimate Translog production functions in twenty 2-digit industries. We implement four estimations procedures: fixed-effect regression, random-effect GLS, Hausman-Taylor estimator, and Stochastic Frontier Estimation. Our most reliable estimates, obtained with fixed effect and Hausman-Taylor models, show that knowledge inputs have a significant impact on firm sales in a small number of industries, and suggest that R&D and technology imports are more likely to be complements rather than substitutes.
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Bibliographic InfoPaper provided by Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg in its series Working Papers of BETA with number 2006-33.
Date of creation: 2006
Date of revision:
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More information through EDIRC
Manufacturing Industries; Newly Industrialized Countries; Technology Imports.;
Find related papers by JEL classification:
- L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
- L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-12-16 (All new papers)
- NEP-EFF-2006-12-16 (Efficiency & Productivity)
- NEP-ENT-2006-12-16 (Entrepreneurship)
- NEP-INO-2006-12-16 (Innovation)
- NEP-IPR-2006-12-16 (Intellectual Property Rights)
- NEP-KNM-2006-12-16 (Knowledge Management & Knowledge Economy)
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