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 | |
| Publication status | Published - 2005 Sep |
| Externally published | Yes |
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Keywords
- Industrial policy
- Productivity
- Technology
ASJC Scopus subject areas
- Economics and Econometrics
- Finance
Cite this
Foreign technology acquisition policy and firm performance in Japan, 1957-1970 : Micro-aspects of industrial policy. / Kiyota, Kozo; Okazaki, Tetsuji.
In: International Journal of Industrial Organization, Vol. 23, No. 7-8, 09.2005, p. 563-586.Research output: Contribution to journal › Article
}
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
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
UR - http://www.scopus.com/inward/citedby.url?scp=24644496640&partnerID=8YFLogxK
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 -