Technological Capability and FDI in Asia: Firm-level Relationships among Japanese Manufacturers <link rid="fn1">*</link>
The present paper reexamines the relationship between technological capabilities and FDI decisions at the firm level. The data cover 118 300 Japanese firms in all manufacturing industries. The R&D of Japanese firms has a noticeably weaker relationship with FDI in Asia than with FDI in industrial countries. This finding is confirmed to be robust even when alternative estimation techniques are used and when R&D expenditure data are replaced by patent data. The estimation results also reveal non-negligible fixed entry costs for FDI, a finding consistent with the observation that only approximately 2 percent of the firms invest abroad. Copyright 2005 East Asian Economic Association.
Year of publication: |
2005
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Authors: | Tomiura, Eiichi |
Published in: |
Asian Economic Journal. - East Asian Economic Association - EAEA. - Vol. 19.2005, 3, p. 273-289
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Publisher: |
East Asian Economic Association - EAEA |
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