https://scholars.lib.ntu.edu.tw/handle/123456789/459572
標題: | Foreign direct investment subsidy in a dynamic stochastic general equilibrium model with heterogeneous firms | 作者: | Wu, Y.-C. SHIKUAN CHEN Chang, M.-J. |
公開日期: | 2019 | 卷: | 27 | 期: | 5 | 起(迄)頁: | 1427-1459 | 來源出版物: | Review of International Economics | 摘要: | This study analyzes the macroeconomic impacts of subsidies to attract multinational corporations when firms are determining whether to enter or how to serve foreign markets. We show that a small FDI subsidy scheme induces consumption gains and delivers short-term welfare improvement for the FDI host country if firms differ in productivity. However, the subsidy generates a new problem and results in the wealth reallocation effect, leading to welfare deterioration for the host country in the long run. Moreover, we find that a subsidy program induces a welfare improvement for the host country if it is offered to all domestic producers instead of foreign producers only in the host country. © 2019 John Wiley & Sons Ltd |
URI: | https://scholars.lib.ntu.edu.tw/handle/123456789/459572 | DOI: | 10.1111/roie.12430 | SDG/關鍵字: | economic impact; foreign direct investment; general equilibrium analysis; heterogeneity; multinational enterprise; stochasticity; subsidy system |
顯示於: | 國際企業學系 |
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