| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19249 |
| 来源ID | Working Paper 19249 |
| Quid Pro Quo: Technology Capital Transfers for Market Access in China | |
| Thomas J. Holmes; Ellen R. McGrattan; Edward C. Prescott | |
| 发表日期 | 2013-07-25 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | Despite the recent rapid development and greater openness of China's economy, FDI flows between China and technologically advanced countries are relatively small in both directions. We assess global capital flows in light of China's quid pro quo policy of exchanging market access for transfers of technology capital--accumulated know-how such as research and development (R&D) that can be used in multiple production locations. We first provide empirical evidence of this policy and then incorporate it into a multicountry dynamic general equilibrium model. This extension leads to a significantly better fit of the model to data. We also find large welfare gains for China--and welfare losses for its FDI partners--from quid pro quo. |
| 主题 | International Economics ; International Factor Mobility ; International Macroeconomics ; Development and Growth ; Innovation and R& ; D |
| URL | https://www.nber.org/papers/w19249 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 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/576924 |
| 推荐引用方式 GB/T 7714 | Thomas J. Holmes,Ellen R. McGrattan,Edward C. Prescott. Quid Pro Quo: Technology Capital Transfers for Market Access in China. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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