Comments by Minsoo Han, on Cross-border Vertical Integration and Intra-firm Trade: New Evidence from Korean and Japanese Firm-level Data

2017 ◽  
Vol 16 (2) ◽  
pp. 140-141
Keyword(s):  
Vertical Integration ◽  
Japanese Firm ◽  
Firm Level ◽  
Cross Border ◽  
Level Data ◽  
Firm Level Data ◽  
New Evidence

scholarly journals Cross-border Vertical Integration and Intra-firm Trade: New Evidence from Korean and Japanese Firm-level Data

2017 ◽  
Vol 16 (2) ◽  
pp. 126-139 ◽  
Author(s):  
Hyunbae Chun ◽  
Jung Hur ◽  
Young Gak Kim ◽  
Hyeog Ug Kwon
Keyword(s):  
Multinational Corporations ◽  
Vertical Integration ◽  
Manufacturing Industries ◽  
Firm Level ◽  
Parent Firm ◽  
Cross Border ◽  
Final Good ◽  
Level Data ◽  
Output Coefficient ◽  
New Evidence

This paper establishes two facts about cross-border vertical integration and intra-firm trade of firms in Korean and Japanese manufacturing industries. First, the intra-firm trade between a parent firm and its affiliates is highly concentrated in a small number of large multinational corporations. Second, the input–output coefficient between the parent firm's industry and the affiliate's industry is weakly related to the presence and magnitude of intra-firm trade between the parent firm and its affiliates. Furthermore, these two characteristics are also found in domestic vertically integrated firms. In particular, the second point identifies a need for further research on the motivation of cross-border vertical integration between two manufacturers, the final good producers at home and the input suppliers abroad.

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 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
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