Mode of foreign entry, technology transfer, and FDI policy

• 成果类型: Article
• 署名作者: Mattoo, A; Olarreaga, M; Saggi, K
• 署名单位: The World Bank; Centre for Economic Policy Research - UK; Southern Methodist University
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2003.08.002
• 发表日期: 2004
• 页码: 95-111
• 关键词: foreign direct investment; Technology transfer; investment policies

摘要

Foreign direct investment (FDI) can take place either through the direct entry of foreign firms or the acquisition of existing domestic firms. The preferences of a foreign firm and a welfare-maximizing host country government over these two modes of FDI are examined in the presence of costly technology transfer. The trade-off between technology transfer and market competition emerges as a key determinant of preferences. The clash between the foreign firm's equilibrium choice and the local government's ranking of the two modes of entry can provide a rationale for some frequently observed FDI restrictions. (c) 2004 Elsevier B.V. All rights reserved.