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Foreign Technology Acquisition Policy and Firm Performance in Japan, 1957-1970: Micro-aspects of Industrial Policy

Kozo Kiyota and Tetsuji Okazaki

No CIRJE-F-329, CIRJE F-Series from CIRJE, Faculty of Economics, University of Tokyo

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.

Pages: 42 pages
Date: 2005-03
New Economics Papers: this item is included in nep-his, nep-ino, nep-sea and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

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