Foreign technology acquisition policy and firm performance in Japan, 1957-1970: Micro-aspects of industrial policy

Kozo Kiyota; Tetsuji Okazaki

doi:10.1016/j.ijindorg.2005.03.004

Foreign technology acquisition policy and firm performance in Japan, 1957-1970: Micro-aspects of industrial policy

Kozo Kiyota, Tetsuji Okazaki

Research output: Contribution to journal › Article › peer-review

21 Citations (Scopus)

Abstract

We 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.

Original language	English
Pages (from-to)	563-586
Number of pages	24
Journal	International Journal of Industrial Organization
Volume	23
Issue number	7-8
DOIs	https://doi.org/10.1016/j.ijindorg.2005.03.004
Publication status	Published - 2005 Sep 1
Externally published	Yes

Keywords

Industrial policy
Productivity
Technology

ASJC Scopus subject areas

Industrial relations
Aerospace Engineering
Economics and Econometrics
Economics, Econometrics and Finance (miscellaneous)
Strategy and Management
Industrial and Manufacturing Engineering

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10.1016/j.ijindorg.2005.03.004

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AB - We 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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