Technological Capabilities and Japanese Foreign Direct Investment in the United States
通过分析两国市场条件，发现日本对美直接投资集中在两国研发支出密集的行业，且自愿出口限制会促进直接投资；按进入模式细分时，合资企业被用于获取和共享美国技术能力。
This article examines the effect of relative technological capabilities on Japanese direct investment into the United States by looking simultaneously at industry conditions in the two markets. A negative binomial regression model is specified to estimate the effects of R & D capability and industry structure on a count measure of Japanese entries across 297 industries. The results indicate that Japanese direct investment in the United States is drawn to industries intensive in R & D expenditures summed across both countries; voluntary restraints on Japanese exports encourage direct investment. When the entries are disaggregated by mode (e.g., new plant or acquisition), there is a significant indication that joint ventures are used for the sourcing and sharing of U.S. technological capabilities. Copyright 1991 by MIT Press.