| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4693 |
| DP4693 International Cooperation on Domestic Policies: Lessons from the WTO Competition Policy Debate | |
| Kamal Saggi | |
| 发表日期 | 2004-10-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | The standard argument says that in the presence of positive spillovers foreign direct investment should be promoted and subsidized. In contrast, this Paper claims that the very existence of such spillovers may require temporarily restricting and taxing inward FDI. Our argument in favour of gradual liberalization is based on two stylized features of spillovers: first, technology transfers ? and subsequent spillovers ? are limited by the economy?s absorptive capacity; and second, spillovers take time to materialize. By letting in capital more gradually, initial investment has the time to create spillovers ? and upgrade the economy?s absorptive capacity ? before further investment occurs. This allows subsequent capital inflows to benefit from greater technology transfers. As a result, the economy converges to a steady state with a superior technology and a greater capital stock. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Foreign direct investment Gradualism Big bang Spillovers Liberalization Absorptive capacity Transition economies |
| URL | https://cepr.org/publications/dp4693 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533611 |
| 推荐引用方式 GB/T 7714 | Kamal Saggi. DP4693 International Cooperation on Domestic Policies: Lessons from the WTO Competition Policy Debate. 2004. |
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