| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21712 |
| 来源ID | Working Paper 21712 |
| Host-MNC Relations in Resource-Rich Countries | |
| Natasha Chichilnisky-Heal; Geoffrey Heal | |
| 发表日期 | 2015-11-16 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | We discuss the relationship between a resource-rich developing country and a multi-national corporation (MNC) that is developing its resources for the international market. We model the connections between transparency, permeability (defined as the amount of resource rent that leaves the country) and economic development, considering the cases of democracy and autocracy. We begin by considering the role of permeability in domestic politics, showing that a decrease in permeability will always benefit the incumbent, whether the country is a democracy or an autocracy. We then suggest that the relation between the host and the MNC has the features of a classical and quite intractable version of the hold-up problem, and that this may provide the MNC with incentives to influence political outcomes within the host country by whatever means are at its disposal. The hold-up problem can be overcome by the use of a Bilateral Investment Treaty that restricts the host country's ability to alter the terms of any agreement into which it has entered, and we investigate why a country might enter into a treaty that limits its freedom of action in this way. A possible answer is to be found in the capacity of a small number of poor countries to “tip” an equilibrium where none sign such treaties to one where all sign, in the process making all worse off. Our analysis provides a micro foundation for the “obsolescing bargain model” of host-MNC relations. |
| 主题 | Development and Growth ; Development ; Environmental and Resource Economics |
| URL | https://www.nber.org/papers/w21712 |
| 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/579387 |
| 推荐引用方式 GB/T 7714 | Natasha Chichilnisky-Heal,Geoffrey Heal. Host-MNC Relations in Resource-Rich Countries. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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