Are wholly foreign-owned enterprises better than joint ventures?

• 成果类型: Article; Proceedings Paper
• 署名作者: Chao, CC; Yu, ESH
• 署名单位: Chinese University of Hong Kong; Oregon State University
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/0022-1996(95)01382-2
• 发表日期: 1996
• 页码: 225-237
• 关键词: joint venture; equity control; export-share requirements

摘要

This paper provides a general equilibrium model for examining the individual as well as the joint effects of export requirements and local equity controls of multinational firms. The results suggest that for a small open economy under tariff protection, the desirable policy is 100% foreign ownership of subsidiaries, coupled with an export-share requirement.