Knowledge sourcing and firm performance in an industrializing economy: the case of Taiwan in the 1990s

Chia-Lin Chang (changchialin@email.nchu.edu.tw) and Stéphane Robin

Working Papers of BETA from Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg

Abstract: This paper examines the impact of R&D and technology imports on firm performance in Taiwan’s manufacturing industry. Using a panel of 27,754 firms observed from 1992 to 1995, we estimate Translog production functions in twenty 2-digit industries. We implement four estimations procedures: fixed-effect regression, random-effect GLS, Hausman-Taylor estimator, and Stochastic Frontier Estimation. Our most reliable estimates, obtained with fixed effect and Hausman-Taylor models, show that knowledge inputs have a significant impact on firm sales in a small number of industries, and suggest that R&D and technology imports are more likely to be complements rather than substitutes.

Keywords: Manufacturing Industries; Newly Industrialized Countries; Technology Imports. (search for similar items in EconPapers)
JEL-codes: L25 L60 O33 (search for similar items in EconPapers)
Date: 2006
New Economics Papers: this item is included in nep-eff, nep-ent, nep-ino, nep-ipr, nep-pr~ and nep-knm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ulp:sbbeta:2006-33

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