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Essays on International Trade and Political Economy: The Importance of Incentives, Information, and Globalization

Karabay, Bilgehan
Format
Thesis/Dissertation; Online
Author
Karabay, Bilgehan
Advisor
McLaren, John
Medina, Luis
Engers, Maxim
Blanchard, Emily
Abstract
Chapter 1. This paper examines host governments' motivations for restricting ownership shares of multinational firms (MNFs) in foreign direct investment (FDI) projects. A host country has a profitable investment opportunity. The host government wants to capture the project's rent yet cannot observe the surplus created by the MNF. In contrast. a joint venture (JV) partner can observe the surplus. The host government can alleviate its informational constraints by using ownership restrictions to force a JV. This calls into question the wisdom of calls for ‘liberalizing' FDI flows by the elimination of domestic JV requirements. Note: Abstract extracted from PDF file via OCR
Language
English
Published
University of Virginia, Department of Economics, PHD, 2006
Published Date
2006-08-01
Degree
PHD
Collection
Libra ETD Repository
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