Mode of foreign entry, technology transfer, and FDI policy

被引：92
作者：
Mattoo, A
Olarreaga, M
Saggi, K
机构：
[1] World Bank, Washington, DC 20433 USA
[2] CEPR, London, England
[3] So Methodist Univ, Dept Econ, Dallas, TX 75275 USA
来源：
JOURNAL OF DEVELOPMENT ECONOMICS | 2004年 / 75卷 / 01期
关键词：
foreign direct investment; technology transfer; investment policies;
D O I：
10.1016/j.jdeveco.2003.08.002
中图分类号：
F [经济];
学科分类号：
02 ;
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.
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页码：95 / 111
页数：17
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