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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. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
eth-4686-01.pdf(1716KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
eth-4686-01.jpg(3KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | ![]() 浏览 |
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