Dose globalization foster economic growth?
Dose globalization foster economic growth?
复制标题
全球化促进经济增长吗？
DOI：
10.1111/jere.12059
复制
发表时间：
2015
影响因子：
1.2
通讯作者：
Kazuhiro Yamamoto
中科院分区：
文献类型：
--
作者：
Tadashi Morita;Hajime Takatsuka;Kazuhiro Yamamoto
本文探讨了全球化的影响，特别是在发展中国家放松当地股权要求（LER）。通过构建一个内生增长模型，其中通过LER向南方的利润泄漏起着关键作用，我们得到以下结果。首先，南方的LER的放宽推动了企业从北方向南方的迁移，产生了U型增长率。第二，我们的数值模拟表明，充分放宽LER是有益的南方，虽然通过使用LER的合资企业的共享利润最大化。
This article examines the effects of globalization, by especially focusing on the relaxation of local equity requirements (LERs) in developing countries. By constructing an endogenous growth model, where profit leakage to the South through LERs plays a key role, we obtain the following results. First, the relaxation of LERs in the South drives the relocation of firms from the North to the South, yielding a U-shaped growth rate. Second, our numerical simulations suggest that a sufficient relaxation of LERs is beneficial for the South, although the shared profit of joint ventures is maximized through the use of LERs.