Technological Capability and Foreign Direct Investment in Asia : Firm-level Relationship in Japanese Manufacturers
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概要
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This paper reexamines the relationship between FDI and R&D by exploiting firm-level data for 118,300 Japanese manufacturers with no threshold. Our study confirms that higher technological capability is positively related with more extensive FDI even if firms with no FDI or R&D are included into regressions. This relation with R&D is stronger for FDI in industrial countries than in Asia, and especially evident for FDI in industrial countries by firms that have invested in Asia. This paper also finds that firms with richer human skills tend to prefer majority ownership in FDI, as consistent with the internalization FDI theory.
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Blackwell Publishing | 論文
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