Abstract
This paper examines the determinants of the pattern of Japanese direct investment activity across US manufacturing industries, focusing on the role of inter-corporate linkages that define keiretsu groups of firms in Japan. Variables stressed in the standard FDI theory — variables representing possession of intangible assets, especially technology, and host-country (US) government policies — are significant explanators of both FDI by Japanese parent firms that are members of keiretsu in Japan and overall Japanese FDI. There is also a significant role for supplier connections to core electronics and automobile industries, a result consistent with the transfer of keiretsu supplier-buyer relationships to the United States.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
