全球智库信息集成服务系统(G2TT): International partnerships, foreign control and income levels: Theory and evidence

G2TT

来源类型	Working papers
规范类型	论文
DOI	10.3929/ethz-a-006679695
	International partnerships, foreign control and income levels: Theory and evidence
	Brunnschweiler, Christa N.; Valente, Simone
发表日期	2011-10
出版者	ETH Zurich, Center of Economic Research (CER-ETH)
出版年	2011
语种	英语
摘要	We analyze the e¤ects of di¤erent regimes of control rights over critical resources on the total domestic income of open economies. We consider home control, foreign control, and international partnerships in a theoretical model where contracts are incomplete, resource exploitation requires local capital, and foreign technologies are more e¢ cient. Enacting foreign control is never optimal, and assigning complete residual rights to foreign rms reduces domestic income. Two testable predictions are derived. First, international partnerships tend to generate higher domestic income than foreign control. Second, the typical regime choice is either partnership or foreign control when the international relative pro tability of the domestic resource endowment is high or intermediate, and home control with low relative pro tability. We test these predictions using a new dataset on petroleum ownership structures for up to 68 countries between 1867-2008, finding strong empirical support for the theoretical results.
主题	Property rights ; Control rights ; Income ; Oil ; Panel data
URL	https://www.research-collection.ethz.ch/handle/20.500.11850/40233
来源智库	Centre for Energy Policy and Economics (Switzerland)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/266692
推荐引用方式 GB/T 7714	Brunnschweiler, Christa N.,Valente, Simone. International partnerships, foreign control and income levels: Theory and evidence. 2011.

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