Endogenous FDI Spillovers with Spillover-Prevention Costs
Endogenous FDI Spillovers with Spillover-Prevention Costs
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发表时间：
2009
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通讯作者：
K. Matsubara
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作者：
K. Matsubara
本文旨在探讨溢出效应在双寡头模型下跨国公司战略选择中的作用，特别是考虑溢出预防成本的内生FDI溢出效应。在讨论了外生溢出的情况下，本文表明，与二次溢出预防成本函数，FDI绩效的公司可能会选择一个积极的溢出水平，这是低于外生水平，还显示了如何内生溢出影响母国公司的工厂选址的决定。作为模型的扩展，本文分别考察了一个n-FDI绩效企业和一个m-FDI东道国企业的案例。在m-FDI-东道国公司的情况下，数值例子表明，溢出预防成本是一个重要的因素，FDI东道国公司的数量对溢出水平和贸易成本的截止值的影响并不总是单调的。福利分析表明，在双寡头垄断情况下，当本国企业和外国企业都更喜欢外国直接投资时，内生溢出效应会降低贸易成本范围。JEL分类：F12、F23、O33。
This paper aims to explore the role of spillovers in the strategic choice for a MNE in a duopoly model, especially focusing on endogenous FDI spillovers with spillover-prevention costs. After discussing the exogenous spillover case, this paper shows that with a quadratic spillover-prevention cost function, the FDI-performing firm may choose a positive level of spillovers, which is lower than the exogenous level, and also shows how endogenizing spillovers affect the home firm’s decision on plant location. As extensions of the model, this paper explores a n-FDI-performing firm case and a m-FDI-host-country firm case separately. In the m-FDI-host-country firm case, numerical examples show that the spillover-prevention cost is an important factor and that 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. An welfare analysis shows that in the duopoly case, endogenizing spillovers shift down the range of trade cost where both the home firm and the foreign country prefer FDI. JEL Classification: F12, F23, O33.