EC MEMBERS FIGHTING ABOUT SURPLUS VERS, FDI AND JAPANESE CARS
成果类型：
Article
署名作者：
FLAM, H
署名单位：
Centre for Economic Policy Research - UK
刊物名称：
JOURNAL OF INTERNATIONAL ECONOMICS
ISSN/ISSBN：
0022-1996
DOI：
10.1016/0022-1996(94)90060-4
发表日期：
1994
页码：
117-131
关键词：
摘要：
Japan has agreed with the EC to put a voluntary export restraint (VER) on cars. Policies in the EC toward foreign direct investment (FDI) by Japanese firms remain under national jurisdiction. The VER benefits producing countries and hurts non-producing countries. FDI reverses these effects. The combination of a VER and FDI is an equilibrium outcome between conflicting countries, and results from uncoordinated EC policies and the strength of producing countries in EC decision-making. It can be second best for both camps, but third best for the EC as a whole, inferior to both a prohibitive VER and free trade.