Endogenous international joint ventures and the environment

• 成果类型: Article
• 署名作者: Abe, K; Zhao, LX
• 署名单位: Kobe University; University of Osaka
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2004.11.002
• 发表日期: 2005
• 页码: 221-240
• 关键词: foreign direct investment; international joint ventures; environment; emission tax; ownership regulation

摘要

This paper examines the welfare effects of emission taxes under a choice between an international joint venture (JV) and a full-ownership FDI (Foreign Direct Investment) by parent firms from a developed country (the North) and a developing country (the South), as well as their location and share decisions. If the South has a poor abatement technology, its best policy is to impose a relatively high emission tax to attract a full-ownership FDI. If it has a good abatement technology, the best policy is to impose a relatively low emission tax to attract the JV. Furthermore, deregulation of foreign ownership of the JV improves the quality of the environment. (c) 2004 Elsevier B.V. All rights reserved.