| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5686 |
| DP5686 Investments into Education - Doing as the Parents Did | |
| Georg Kirchsteiger; Alexander Sebald | |
| 发表日期 | 2006-05-24 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | This paper investigates how the mode of entry into a foreign market can be influenced by the intensity of R&D in an industry and the protection of intellectual property rights (IPR) in a recipient country. It then analyzes the link between the IPR regime and policies that place limits on the degree of foreign ownership in a joint venture (JV). In particular, we study the effect of the IPR regime of the host country (South) on a multinational?s decision between serving a market via greenfield foreign direct investment to avoid the exposure of its technology or entering a JV with a local firm, which allows R&D spillovers to a third firm under imperfect IPRs. JV is the equilibrium market structure when extra rents can be gained from a JV. This occurs when R&D intensity is moderate and IPRs strong. The South can gain from increased IPR protection by encouraging a JV, whereas policies to limit foreign ownership in a JV gain importance in technology intensive industries as complementary policies to strong IPRs. The South never finds it optimal to fully protect IPRs and concede all bargaining power in a JV to the Northern firm. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Joint ventures Intellectual property rights Fdi policy Technology transfer R&d spillovers Bargaining Development |
| URL | https://cepr.org/publications/dp5686 |
| 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/534529 |
| 推荐引用方式 GB/T 7714 | Georg Kirchsteiger,Alexander Sebald. DP5686 Investments into Education - Doing as the Parents Did. 2006. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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