研討日期

2012112410:30 ~ 12:00

研討地點

台大社會科學院26教室

討論題目

題目

作者

文獻出處

Foreign Direct Investment in a Two-Tier Oligopoly: Coordination, Vertical Integration, and Welfare

Ping Lin and Kamal Saggi

International Economic Review, 2011

報告人

呂得成

參加人員

黃鴻、楊雅博、梁文榮、林燕淑、王光正、陳宏易、蔡明芳、張瑞雲、彭正浩、高國峯、陳金盛、王羿傑、丁虹仁、呂得成、鍾暳陵、周冰瑤、吳宜謙、黃品錚、許至乙、施姵全

摘要

An interesting insight of this paper is that the host country is not necessarily better off with FDI at both levels of the industry. Given that FDI has occurred at one level, FDI at the second level partially offsets the vertical linkages created by the initial FDI while at the same time creating additional competition for local firms. Vertically linked stage of production ends up severing some vertical links between the first multinational entrant and the local industry, something that can be detrimental for local welfare.

Second, technology spillovers from FDI to a foreign firm’s local rivals can actually encourage it to enter the local market. A higher level of upstream spillover increases the incentive for downstream entry by firm B, anticipating this, firm A chooses to enter as well.

Finally, if the final good market is sufficiently competitive, the two foreign firms are better off entering as independent firms. A reduction in the degree of downstream competition lowers the opportunity cost of not supplying the intermediate good to rival downstream firms, making vertical integration relatively more attractive to the firms.