Are wholly foreign-owned enterprises better than joint ventures?

被引:22
作者
Chao, CC
Yu, ESH
机构
[1] CHINESE UNIV HONG KONG,DEPT DECIS SCI & MANAGERIAL ECON,SHATIN,HONG KONG
[2] OREGON STATE UNIV,DEPT ECON,CORVALLIS,OR 97331
关键词
joint venture; equity control; export-share requirements;
D O I
10.1016/0022-1996(95)01382-2
中图分类号
F [经济];
学科分类号
02 ;
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.
引用
收藏
页码:225 / 237
页数:13
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