2000 年 2000 巻 6 号 p. 39-51
We estimate the impacts of overseas production of Japanese manufacturing firms on the domestic productivity (Total Factor Productivity).
In this analysis, we use two approaches. First, using aggregated survey data, we estimate TFP of Japanese head offices and the whole Japanese manufacturing firms. And estimate the rate of return of domestic R&D Investments on those TFP separately. Secondly, using macro data of Japanese electric machinery industry, we decompose the TFP growth into three factors, namely (1) shift in cost function, (2) effect of overseas production in Asia and (3) effect of overseas production in North America based on the estimates of trans-log type macro price function.
We found that the overseas production in Asia after the latter half of 1980s improved the domestic productivity of electric machinery industry. However the overseas production in North America did not contribute to the productivity growth of electric machinery industry.