Exploring the complementarity between foreign technology, embedded technology and increase of productive capacity
Abstract
This study analyzes the complementarity of foreign technology acquired under license agreements, technology embedded in machinery and equipment and increase in a company’s productive capacity. We use panel data on Brazilian manufacturing companies from the World Bank Surveys. We used the random effects models, estimated by maximum likelihood. The results indicate that foreign technology, embedded technology and increase of productive capacity have a positive and significant impact on labor productivity. The complementarity test reveals that the relationship between the two technologies analyzed is conditionally substitutive and that the relationship between each of these technologies and increase of productive capacity is conditionally complementary.
Keyword : foreign technology, embedded technology, productive capacity, productivity, complementarity approach
How to Cite
González-Blanco, J., Vila-Alonso, M., & Guisado-González, M. (2019). Exploring the complementarity between foreign technology, embedded technology and increase of productive capacity. Technological and Economic Development of Economy, 25(1), 39-58. https://doi.org/10.3846/tede.2019.7600
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
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Dosi, G. (1988). Sources, procedures and microeconomic effects of innovation. Journal of Economic Literature, 26(3), 1120-1171.
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Guisado-González, M., González-Blanco, J., & Coca-Pérez, J. L. (2017b). Analyzing the relationship between exploration, exploitation and organizational innovation. Journal of Knowledge Management, 21(5), 1142-1162. https://doi.org/10.1108/JKM-01-2017-0039
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Bajo, O., & Díaz, C. (2002). Inversión extranjera directa, innovación tecnológica y productividad. Una aplicación a la industria española. Economía Industrial, 347, 111-124.
Ballot, G., Fakhfakh, F., Galia, F., & Salter, A. (2015). The fateful triangle. Complementarities between product, process and organizational innovation in the UK and France. Research Policy, 44(1), 217-232. https://doi.org/10.1016/j.respol.2014.07.003
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Cantore, N., Clara, M., & Soare, C. (2017). Manufacturing as an engine of growth: Which is the best fuel?. Structural Change and Economic Dynamics, 42, 56-66. https://doi.org/10.1016/j.strueco.2017.04.004
Cassiman, B., & Veugelers, R. (2006). In search of complementarity in innovation strategy: Internal R&D and external knowledge acquisition. Management Science, 52(1), 68-82. https://doi.org/10.1287/mnsc.1050.0470
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Catozzella, A., & Vivarelli, M. (2014). Beyond absorptive capacity: In-house R&D as a driver of innovative complementarities. Applied Economics Letters, 21(1), 39-42. https://doi.org/10.1080/13504851.2013.835475
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Choo, K., Lee, K., Ryu, K., & Yoon, J. (2009). Changing performance of business groups over two decades: technological capabilities and investment efficiency in Korean Chaebols. Economic Development and Cultural Change, 57(2), 359-386. https://doi.org/10.1086/592837
Coe, D. T., & Helpman, E. (1995). International R&D spillovers. European Economic Review, 39, 859-887. https://doi.org/10.1016/0014-2921(94)00100-E
Coe, D. T., Helpman, E., & Hoffmaister, A. (1997) North-South R&D spillovers. Economic Journal, 107, 134-149. https://doi.org/10.1111/1468-0297.00146
Cruz-Cázares, C., Bayona-Sáez, C., & García-Marco, T. (2010). R&D Strategies and firm innovative performance: A panel data analysis. International Journal of Innovation Management, 14(6), 1-33. https://doi.org/10.1142/S1363919610002982
Dahlman, C. (2007). Technology, globalization, and international competitiveness: Challenges for developing countries. In Industrial Development for the 21st Century: Sustainable Development Perspectives (pp. 29-83). Department of Economic and Social Affairs, United Nations, New York.
Damanpour, F., & Gopalakrishnan, S. (2001). The dynamics of the adoption of product and process innovations in organizations. Journal of Management Studies, 38(1), 45-65. https://doi.org/10.1111/1467-6486.00227
Darr, E., Argote, L., & Epple, D. (1995). The acquisition, transfer, and depreciation of knowledge in service organizations: Productivity in franchises. Management Science, 41(11), 1750-1762. https://doi.org/10.1287/mnsc.41.11.1750
Day, G. S., & Montgomery, D. B. (1983). Diagnosing the experience curve. Journal of Marketing, 47(2), 44-58. https://doi.org/10.1177/002224298304700205
Doran, J. (2012). Are differing forms of innovation complements or substitutes?. European Journal of Innovation Management, 15(3), 351-371. https://doi.org/10.1108/14601061211243675
Dosi, G. (1988). Sources, procedures and microeconomic effects of innovation. Journal of Economic Literature, 26(3), 1120-1171.
Dutton, J. M., Thomas, A., & Butler, J. E. (1984). The history of progress functions as a managerial technology. Business History Review, 58(2), 204-233. https://doi.org/10.2307/3115048
Fagerberg, J. (1987). A technology gap approach to why growth rates differ. Research Policy, 16, 87-99. https://doi.org/10.1016/0048-7333(87)90025-4
Falvey, R., Foster, N., & Greenaway, D. (2004). Imports, exports, knowledge spillovers and growth. Economics Letters, 85, 209-213. https://doi.org/10.1016/j.econlet.2004.04.007
Foster, L., Haltiwanger, J., & Syverson, C. (2008). Reallocation, firm turnover, and efficiency: Selection on productivity or profitability?. American Economic Review 98(1), 394-425. https://doi.org/10.1257/aer.98.1.394
Freel, M. S. (2000). Do small innovating firms outperform non-innovators?. Small Business Economics, 14(3), 195-210. https://doi.org/10.1023/A:1008100206266
Freeman, C., & Soete, L. (1997). The economics of industrial innovation. London: Pinter.
Geroski, P. A. (1991). Domestic and foreign entry in the United Kingdom: 1983–1984. In P. A. Geroski, J. Schwalbach (Eds.), Entry and market contestability: An international comparison. Oxford: Basil Blackwell.
Griliches, Z. (1986). Productivity, R&D, and basic research at the firm level in the 1970’s. American Economic Association, 76, 141-154.
Griliches, Z. (1998). R&D and productivity: The econometric evidence. Chicago: The University of Chicago Press Books. https://doi.org/10.7208/chicago/9780226308906.001.0001
Guisado-González, M., González-Blanco, J., & Coca-Pérez, J. L. (2017b). Analyzing the relationship between exploration, exploitation and organizational innovation. Journal of Knowledge Management, 21(5), 1142-1162. https://doi.org/10.1108/JKM-01-2017-0039
Guisado-González, M., Wright, L. T., & Guisado-Tato, M. (2017a). Product–process matrix and complementarity approach. The Journal of Technology Transfer, 42(3), 441-459. https://doi.org/10.1007/s10961-015-9435-6
Hall, B. H. (2011). Innovation and productivity. Nordic Economic Policy Review, 2, 167-204. https://doi.org/10.3386/w17178
Hall, B. H., Lotti, F., & Mairesse, J. (2009). Innovation and productivity in SMEs: Empirical evidence for Italy. Small Business Economics, 33, 13-33. https://doi.org/10.1007/s11187-009-9184-8
Henderson, R., & Cockburn, I. (1996). Scale, scope, and spillovers: The determinants of research productivity in drug discovery. The Rand Journal of Economics, 27(1), 32-59.
Henkerson, M., & Johansson, D. (2008). Gazelles as job creators – A survey and interpretation of the evidence (IFN working paper series, No. 733). Research Institute of Industrial Economics, Stockholm.
Hollander, S. (1965). The sources of increased efficiency: A study of DuPont Rayon Plants. Cambridge: M.I.T. Press.
Jirjahn, U., & Kraft, K. (2011). Do spillovers stimulate incremental or drastic product innovations? Evidence from German stablishment data. Oxford Bulletin of Economics and Statistics, 73(4), 509-538. https://doi.org/10.1111/j.1468-0084.2010.00618.x
Jovanovic, B. (1982). Selection and the evolution of industry. Econometrica, 50(3), 649-670. https://doi.org/10.2307/1912606
Kagami, M. (1995). The voice of East Asia: Development implication for Latin America. Tokyo: Institute of Developing Economies.
Kaldor, N. (1960). Causes of growth and stagnation in the world economy. Cambridge: Cambridge University Press.
Kaynak, E. (1985). Transfer of technology from developed to developing countries: some insights from Turkey. In A. Coskun Samli (Ed.), Technology transfer: Geographic, economic, cultural, and technical dimensions (pp. 155-176). Westport, Conn.: Quorum Books.
Khanna, T., & Palepu, P. (2000). Is group affiliation profitable in emerging markets? An analysis of diversified Indian business groups. The Journal of Finance, 55(2), 867-891. https://doi.org/10.1111/0022-1082.00229
Labanio, G., & Moro, S. (2011). Manufacturing industry and economic growth in Latin America: A kaldorian approach. In Proceedings of the 37th Brazilian Economics Meeting. Brazilian Association of Graduate Programs in Economics.
Laursen, K., & Salter, A. (2006). Open for innovation: The role of openness in explaining innovation performance among U.K. manufacturing firms. Strategic Management Journal, 27(2), 131-150. https://doi.org/10.1002/smj.507
Leiponen, A. (2005). Skills and innovation. International Journal of Industrial Organization, 23(5-6), 303-323. https://doi.org/10.1016/j.ijindorg.2005.03.005
Lokshin, B., Belderbos, R., Carree, M. (2008). The productivity effects of internal and external R&D: Evidence from a dynamic panel data model. Oxford Bulletin of Economics and Statistics, 70(3), 399-413. https://doi.org/10.1111/j.1468-0084.2008.00503.x
Love, J. H., & Roper, S. (1999). R&D, technology transfer and networking effects on innovation intensity. Review of Industrial Organization, 15(1), 43-64. https://doi.org/10.1023/A:1007757110963
Mairesse, J., Mohnen, P., & Kremp, E. (2005). The importance of R&D and innovation for productivity: A reexamination in light of the 2000 French innovation survey. Annales d’Economie et de Statistique, 79-80, 489-529.
Milgrom, P., & Roberts, J. (1990). The economics of modern manufacturing: Technology, strategy, and organization. American Economic Review, 80, 511-528.
Miravete, E., & Pernias, J. (2006). Innovation complementarity and scale of production. Journal of Industrial Economics, 54(1), 1-29. https://doi.org/10.1111/j.1467-6451.2006.00273.x
Mohnen, P., & Hall, B. H. (2013). Innovation and productivity: An update. Eurasian Business Review, 3(1), 47-65.
Mohnen, P., & Röller, L. H. (2005). Complementarities in innovation policy. European Economic Review, 49(6), 1431-1450. https://doi.org/10.1016/j.euroecorev.2003.12.003
Office of Business and Industrial Analysis. (1995). Engines of growth. Manufacturing industries in the U.S. economy. U.S. Department of Commerce.
Olukoshi, A. O. (1990). The dynamics of corporate technology transfer to Nigeria. In M. Chatterji (Ed.), Technology transfer in the developing countries. London: Macmillan. (pp. 364-374). https://doi.org/10.1007/978-1-349-20558-5_29
Pavitt, K. (1984). Sectoral patterns of technical change. Research Policy, 13, 343-373. https://doi.org/10.1016/0048-7333(84)90018-0
Piga, C., & Vivarelli, M. (2004). Internal and external R&D: A sample selection approach. Oxford Bulletin of Economics and Statistics, 66(4), 457-482. https://doi.org/10.1111/j.1468-0084.2004.00089.x
Rapping, L. (1965). Learning and World War II production functions. Review of Economics and Statistics, 47, 81-86. https://doi.org/10.2307/1924126
Romer, P. M. (1990). Endogenous technological change. Journal of Political Economy, 98, 71-102. https://doi.org/10.1086/261725
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