Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5087806 | Journal of Asian Economics | 2006 | 18 Pages |
Abstract
This study uses firm-level panel data from the Japanese manufacturing industries and examines whether foreign direct investment generates intra-industry knowledge spillovers to domestic firms. The analysis found positive effects of R&D stocks of foreign firms on the productivity of domestic firms, while effects of capital stocks of foreign firms were absent, suggesting that knowledge of foreign firms spills over through their R&D activities, but not through their production activities. In addition, we found that the extent of spillovers from R&D stock of foreign firms is substantially larger than spillovers from R&D stock of domestic firms.
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Authors
Yasuyuki Todo,