Further Evidence on Japanese Direct Investment in U.S. Manufacturing

Pugel, Thomas A.; Kragas, Erik S.; Kimura, Yui

doi:10.2307/2109922

Cited by 45 publications

(17 citation statements)

References 9 publications

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“…The increased role of locationally dispersed sourcing of technology from the major centres of excellence through the international networks of more globally integrated MNEs (Cantwell 1995) has led to a growing interest in the asset-acquiring or knowledge-seeking motive for FDI (Cantwell 1989;Kogut and Chang 1991;Dunning 1992Dunning , 1995Dunning , 1996Pugel, Kragas, and Kimura 1996;Cantwell and Janne 1999;Cantwell and Piscitello 2000;Chung and Alcácer 2002;Berry 2006), and in the greater decentralisation in the management of international research and development (R&D) to capture 'home-base augmenting' or locally 'competence-creating' benefits (Pearce and Singh 1992;Papanastassiou and Pearce 1997;Pearce 1997Pearce , 1999Kuemmerle 1999aKuemmerle , 1999bCantwell and Mudambi 2005). The potential for global knowledge search has been further highlighted by the finding of Singh (2007) that even in technologically less advanced countries, knowledge outflows to foreign MNEs tend to exceed knowledge inflows from foreign MNEs to host country organisations.…”

Section: International Technological Accumulation and Cross-border Knmentioning

confidence: 99%

Innovation and international business

Cantwell

2016

Industry and Innovation

111

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While classical economic theories of growth emphasised international capital accumulation, and finance-based theories of foreign investment stressed international interest rate differentials and risk reduction, the technological accumulation approach examines international knowledge building by multinational enterprises and their international business (IB) networks. The two processes of innovation and internationalisation have become ever more interconnected as central drivers of development since the first industrial revolution, through to today's information age. The increasing significance of the knowledge-seeking motive for IB networks and of competencecreating subsidiary activities at a local level have linked localised innovation systems to IB and to international knowledge exchange. From a locational perspective, international knowledge connectivity has become critical for sustained innovation and growth. The shift of techno-socio-economic paradigm in the information age is associated with a shift in the character of IB and innovation, with critical implications for IB theory and concepts.

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Section: International Technological Accumulation and Cross-border Knmentioning

confidence: 99%

Innovation and international business

Cantwell

2016

Industry and Innovation

111

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“…In this case, firms do not choose a location to augment its knowledge base as discussed in the previous section (e.g. Florida 1997;Howells 1990;Kogut and Chang 1991;Pugel et al 1996), but choose a location to exploit their existing capabilities (Bartlett and Ghoshal 1990;Vernon 1966). The negative effect of TECH on the location choice for the US affiliates in the chemical industry should then reflect such industry-specific factor.…”

Section: Regionsmentioning

confidence: 99%

The location of American and Japanese multinationals in Europe

Yamawaki

2006

IEEP

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“…Moreover, they found that the relatively higher FDI restrictiveness in Japan compared to the United States has significantly negative effects on Japan's inward FDI. In the case of keiretsu variables, Fukao and Ito (2003) did not obtain significant results, suggesting that the keiretsu do not 30 In the case of FDI into the U.S., Ray (1989), Kogut and Chang (1991), and Pugel, Kragas, and Kimura (1996) conducted similar types of cross-industry analyses.…”

Section: Cross-industry Analysis On Determinants Of Inward Fdi Penetrmentioning

confidence: 98%

Foreign direct investment and trade in Japan: An empirical analysis based on the Establishment and Enterprise Census for 1996

Ito

Fukao

2005

Journal of the Japanese and International Economies

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Using micro-data of the Establishment and Enterprise Census, we compile new statistics on the employment of Japanese affiliates of foreign firms at the 3-digit industry level for the year 1996.We find that the existing official statistics severely underestimate inward FDI. Nevertheless, the level of inward FDI in Japan is much lower than that in the United States. The results of our regression analyses imply that by eliminating the restrictions on inward FDI and reducing government activities, Japan can increase inward FDI in the service sector. Our results also suggest that the keiretsu do not act as an impediment to inward FDI. JEL Classification: F14, F23, L50

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Further Evidence on Japanese Direct Investment in U.S. Manufacturing

Cited by 45 publications

References 9 publications

Innovation and international business

Innovation and international business

The location of American and Japanese multinationals in Europe

Foreign direct investment and trade in Japan: An empirical analysis based on the Establishment and Enterprise Census for 1996

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