Abstract
Estimation of a reduced form equation for the wage bill/profit ratio for Japan indicates that technology transfer had a significant and negative effect on labor’s share of income between 1952 and 1981. This effect was twice as large for 1952-1969 when the Japanese government promoted the importation of capital-intensive technology as it was in 1970-1981 when the Japanese government promoted “knowledge” intensive technology. A two-stage least- squares estimate of the employment structural equation indicates that the effect of both technology transfer and indigenous technology was greater than or equal to zero in both time periods.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 221-254 |
| Number of pages | 34 |
| Journal | International Trade Journal |
| Volume | 7 |
| Issue number | 2 |
| DOIs | |
| State | Published - Jan 1 1992 |
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- Business and International Management