研討日期

2009年10月31日上午10:00 ~ 13:00

研討地點

台大社會科學院電化教室

討論題目

題目

作者

文獻出處

Privatization, strategic foreign direct investment and host-country welfare

 

Arijit Mukherjee

and

Kullapat Suetrong

 

 

European Economic Review

2009

報告人

王佳琪

參加人員

黃鴻、梁文榮、王光正   、彭正浩、張民忠、施姵全、高國峯、周品旭、鐘嘒陵、周冰瑤、張瑞雲   、蔡明芳、丁虹仁   、林晏如   、王佳琪   、涂光億   、王羿傑   、陳金盛、陳佩鈴

討論提要

   Recent evidence shows that developing countries and transition economies are increasingly privatizing their public firms and at the same time experiencing rapid growth of inward foreign direct investment (FDI). However, there is no theory which helps us to understand whether privatization is the cause or consequence of FDI. This paper develop a simple open-economy mixed oligopoly model to understand the causality between privatization and greenfield FDI.

結論

●          Privatization increases the incentive for greenfield FDI, and the possibility of greenfield FDI increases the optimal degree of privatization if the degree of privatization that is required to attract FDI is not very high.

●          Whether privatization that induces FDI improves the host-country welfare depends on the extent to which privatization is required to attract FDI.

●          Partial privatization is the optimal strategy of the host-country. In other words, neither complete privatization nor complete nationalization maximizes the host-country welfare in the presence of foreign competition.

備註