全球智库信息集成服务系统(G2TT): DP12809 International Joint Ventures and Internal versus External Technology Transfer: Evidence from China

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP12809
	DP12809 International Joint Ventures and Internal versus External Technology Transfer: Evidence from China
	Wolfgang Keller; William Ridley; Larry D. Qiu; Kun Jiang
发表日期	2018-03-22
出版年	2018
语种	英语
摘要	This paper studies international joint ventures, where foreign direct investment is performed by a foreign and a domestic firm that together set up a new firm, the joint venture. Employing administrative data on all international joint ventures in China from 1998 to 2007—roughly a quarter of all international joint ventures in the world—we find, first, that Chinese firms chosen to be partners of foreign investors tend to be larger, more productive, and more likely subsidized than other Chinese firms. Second, there is substantial technology transfer both to the joint venture and to the Chinese joint venture partner, an external, intergenerational technology transfer effect that this paper introduces. Third, with technology spillovers typically outweighing negative competition effects, joint ventures generate on net positive externalities to other Chinese firms in the same industry. Joint venture externalities are large, perhaps twice the size of wholly-owned FDI spillovers, and it is R&D-intensive firms, including the joint ventures themselves, that benefit most from these externalities. Furthermore, the positive external joint venture effect is larger if the foreign firm is from the U.S. rather than from Japan or Hong Kong, Macau, and Taiwan, while this effect is virtually absent in broad sectors that include economic activities for which China’s FDI policy has prohibited joint ventures.
主题	Development Economics ; International Trade and Regional Economics
关键词	International joint ventures Partner selection Technology spillovers Foreign direct investment Competition effects
URL	https://cepr.org/publications/dp12809
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/541618
推荐引用方式 GB/T 7714	Wolfgang Keller,William Ridley,Larry D. Qiu,et al. DP12809 International Joint Ventures and Internal versus External Technology Transfer: Evidence from China. 2018.