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Joint ventures and technology adoption: A Chinese industrial policy that backfired

机译:合资企业和技术采用:中国的产业政策适得其反

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摘要

To spur technology transfer, emerging market policymakers often require foreign firms to form joint ventures (JVs) with domestic firms. Through knowledge spillovers, JVs may reduce technology acquisition costs for domestic firms. Yet domestic firm rents from JVs could discourage innovation through a cannibalization effect. Which force dominates is an empirical question. I address it with novel data on China's auto sector. In response to fuel economy standards requiring firms to upgrade technology or sacrifice quality, firms with JVs reduced quality and price relative to their counterparts. Consistent with cannibalization, firms with JVs drive the negative effect.
机译:为了刺激技术转让,新兴市场政策制定者通常要求外国公司与国内公司组建合资企业。通过知识溢出,合资企业可以减少国内公司的技术获取成本。然而,合资企业的国内公司租金可能会通过蚕食效应而阻碍创新。哪个力量占主导地位是一个经验问题。我用有关中国汽车行业的新颖数据来解决这个问题。为了响应燃油经济性标准,要求企业升级技术或牺牲质量,拥有合资企业的企业相对于同行降低了质量和价格。与同类相食相一致,拥有合资企业的企业会带来负面影响。

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