TY - JOUR
T1 - Foreign technology acquisition policy and firm performance in Japan, 1957-1970
T2 - Micro-aspects of industrial policy
AU - Kiyota, Kozo
AU - Okazaki, Tetsuji
N1 - Funding Information:
The authors would like to thank the anonymous referees for their helpful comments. Financial support from the Research Institute of Economy, Trade and Industry (RIETI) is gratefully acknowledged. However, the views expressed here are the personal views of the authors and in no way represent the views of the University of Tokyo, Yokohama National University, or RIETI.
PY - 2005/9
Y1 - 2005/9
N2 - 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.
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.
KW - Industrial policy
KW - Productivity
KW - Technology
UR - http://www.scopus.com/inward/record.url?scp=24644496640&partnerID=8YFLogxK
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U2 - 10.1016/j.ijindorg.2005.03.004
DO - 10.1016/j.ijindorg.2005.03.004
M3 - Article
AN - SCOPUS:24644496640
VL - 23
SP - 563
EP - 586
JO - International Journal of Industrial Organization
JF - International Journal of Industrial Organization
SN - 0167-7187
IS - 7-8
ER -