Privatization in the presence of foreign competition and strategic policies

被引：0
作者：
Bouwe R. Dijkstra
Anuj Joshua Mathew
Arijit Mukherjee
机构：
[1] University of Nottingham,School of Economics and GEP
[2] CESifo,Analytical Services Directorate
[3] Ministry of Justice,CFGE
[4] Government Economic Service (GES),RCIE
[5] Loughborough University,undefined
[6] City University of Hong Kong,undefined
来源：
Journal of Economics | 2015年 / 114卷
关键词：
Privatization; Product tax/subsidy; Foreign direct investment; Trade; Privatization; F12; F18; F21; L33;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
Recent evidence shows that developing and transition economies are increasingly privatizing their public firms and also experiencing rapid growth of inward foreign direct investment (FDI). In an international mixed oligopoly with strategic tax/subsidy policies, we analyze the interaction between privatization and FDI. We find that the incentive for FDI increases with privatization. However, the possibility of FDI reduces the degree of privatization. Our paper shows that FDI policies reducing the fixed-cost of undertaking FDI may need to complement the privatization policies to attract FDI and to improve domestic welfare.
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页码：271 / 290
页数：19
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