Trade liberalization in Asia and FDI strategies in heterogeneous firms: evidence from Japanese firm-level data

2014 ◽  
Vol 67 (2) ◽  
pp. 494-513 ◽  
Author(s):  
Kazunobu Hayakawa ◽  
Toshiyuki Matsuura
Keyword(s):  
Trade Liberalization ◽  
Heterogeneous Firms ◽  
Japanese Firm ◽  
Firm Level ◽  
Level Data ◽  
Firm Level Data

COMPLEMENTARITY BETWEEN TANGIBLE AND INTANGIBLE CAPITAL: EVIDENCE FROM JAPANESE FIRM-LEVEL DATA

2020 ◽  
Vol 65 (05) ◽  
pp. 1293-1321
Author(s):  
KAORU HOSONO ◽  
DAISUKE MIYAKAWA ◽  
MIHO TAKIZAWA ◽  
KENTA YAMANOUCHI
Keyword(s):  
Panel Data ◽  
Japanese Firm ◽  
Production Functions ◽  
Intangible Capital ◽  
Capital Investments ◽  
Firm Level ◽  
Level Data ◽  
Intangible Investments ◽  
Firm Level Data ◽  
Level Production

Using Japanese firm-level panel data spanning from 2000 to 2013, we estimate industry-level production functions that explicitly take into account the complementarity and substitutability between tangible and intangible capital. The estimation results show that tangible and intangible capitals are complementary in most industries although the degree of complementarity substantially varies across industries. We further find that the relation between tangible and intangible capital in the production function accounts for the relation between firm-level tangible capital and intangible capital investments. Namely, firms’ tangible investments are more strongly positively associated with intangible investments as the degree of the complementarity between the tangible and intangible assets becomes larger. These findings show the necessity to take into account the relation between the dynamics of tangible and intangible capital in terms of their complementarity for precisely understanding the mechanisms governing a firm’s growth.

scholarly journals Firm Sorting and Agglomeration

2018 ◽  
Vol 108 (11) ◽  
pp. 3117-3153 ◽  
Author(s):  
Cecile Gaubert
Keyword(s):  
General Equilibrium ◽  
Economic Activity ◽  
Heterogeneous Firms ◽  
Agglomeration Economies ◽  
Firm Level ◽  
Large Cities ◽  
French Firm ◽  
Level Data ◽  
Firm Level Data ◽  
Aggregate Effects

To account for the uneven distribution of economic activity in space, I propose a theory of the location choices of heterogeneous firms in a variety of sectors across cities. In equilibrium, the distribution of city sizes and the sorting patterns of firms are uniquely determined and affect aggregate TFP and welfare. I estimate the model using French firm-level data and find that nearly half of the productivity advantage of large cities is due to firm sorting, the rest coming from agglomeration economies. I quantify the general equilibrium effects of place-based policies: policies that subsidize smaller cities have negative aggregate effects. (JEL D22, D24, R11, R32)

scholarly journals Measuring economic localization: Evidence from Japanese firm-level data

2012 ◽  
Vol 26 (2) ◽  
pp. 201-220 ◽  
Author(s):  
Kentaro Nakajima ◽  
Yukiko Umeno Saito ◽  
Iichiro Uesugi
Keyword(s):  
Japanese Firm ◽  
Firm Level ◽  
Level Data ◽  
Firm Level Data

scholarly journals Cross-Country Differences in Productivity: The Role of Allocation and Selection

2013 ◽  
Vol 103 (1) ◽  
pp. 305-334 ◽  
Author(s):  
Eric Bartelsman ◽  
John Haltiwanger ◽  
Stefano Scarpetta
Keyword(s):  
Heterogeneous Firms ◽  
Fixed Capital ◽  
Firm Level ◽  
Level Data ◽  
Firm Level Data ◽  
Country Differences ◽  
Cross Country

This paper investigates the effect of idiosyncratic (firm-level) policy distortions on aggregate outcomes. Exploiting harmonized firm-level data for a number of countries, we show that there is substantial and systematic cross-country variation in the within-industry covariance between size and productivity. We develop a model in which heterogeneous firms face adjustment frictions (overhead labor and quasi-fixed capital) and distortions. The model can be readily calibrated so that variations in the distribution of distortions allow matching the observed cross-country moments. We show that the differences in the distortions that account for the size-productivity covariance imply substantial differences in aggregate performance. (JEL D24, L25, O47)

Sign in / Sign up

Export Citation Format

Share Document