Endogenous FDI Spillovers from Japan to Russia and China with Spillover-Prevention Costs
Endogenous FDI Spillovers from Japan to Russia and China with Spillover-Prevention Costs
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发表时间：
2014-11
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通讯作者：
K. Matsubara
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作者：
K. Matsubara
本文探讨了 FDI 溢出预防成本在日本等发达国家跨国企业关于是否向俄罗斯和中国等新兴经济体进行 FDI 以及允许 FDI 溢出程度的战略选择中的作用。在讨论了双寡头模型中的外生溢出案例后，本文表明，在二次预防成本函数的情况下，跨国企业可能会选择低于基准外生水平的正溢出水平，并表明内生溢出如何影响母公司的工厂选址决策。在移动 FDI 东道国企业案例中，FDI 东道国企业数量对溢出水平和贸易成本截止值的影响并不总是单调的。
This paper explores the role of FDI-spillover prevention costs in the strategic choice for a MNE of a developed country such as Japan about whether it perform FDI to an emerging economy such as Russia and China and about a degree of FDI spillovers that it allows. After discussing the exogenous spillover case in a duopoly model, this paper shows that with a quadratic prevention cost function, the MNE may choose a positive level of spillovers lower than the benchmark exogenous level, and also shows how endogenizing spillovers affect the home firm's decision on plant location. In the m-FDI-host-country firm case, the effects of the number of FDI-host country firms on the level of spillovers and the cutoff value of trade cost are not always monotonic.