Relationship Between Domestic Research and Development Activity and Technology Importation: An Empirical Investigation of Japanese Manufacturing Industries

Misa Okabe

Asian Economic Journal, 2003, vol. 17, issue 3, 265-280

Abstract: This paper investigates the relationship between domestic research and development (R&D) activity and technological importation. We estimate the elasticity of factor inputs with respect to input prices using a cost minimization framework and time series data for Japanese manufacturing industries over the 1971–2000 period. The results show that domestic R&D activity and imported technology correlate with each other in the R&D‐intensive industries, and the relationship is affected by the characteristics of the industry. Moreover, it is found that domestic R&D activity tends to be correlated with capital saving, while imported technology tends to be correlated with increased capital formation and employment.

Date: 2003
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https://doi.org/10.1111/j.1467-8381.2003.00186.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:asiaec:v:17:y:2003:i:3:p:265-280

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