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 |
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Pages (from-to) | 563-586 |
Number of pages | 24 |
Journal | International Journal of Industrial Organization |
Volume | 23 |
Issue number | 7-8 |
DOIs | |
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