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題名 Exchange Rate Movements, Foreign Direct Investment, and Domestic R&D
作者 Chen, Kun-Ming;Lin, Chia-Ching;Yang, Shu-Fei
陳坤銘
貢獻者 國貿系
關鍵詞 exchange rate; firm heterogeneity; foreign direct investment; R&D
日期 2015
上傳時間 14-一月-2015 15:54:36 (UTC+8)
摘要 This paper develops a game-theoretical model to investigate heterogeneous firms` entry mode choice of international expansion. The distinct feature of this paper is that exchange rate, R&D competition, and intra-industry firm heterogeneity are incorporated into the theoretical framework. The possible impact of a firm`s outward foreign direct investment (OFDI) on its R&D spending and other non-OFDI firms` R&D spending is also examined. Our analytical results indicate that, if host country has lower labor costs, when facing rising domestic labor costs or appreciation of home currency, a firm with lower productivity in production or R&D activity will choose OFDI, whereas the firms with higher productivity will produce at home and export. In addition, our results demonstrate that the impact of OFDI on R&D spending is ambiguous, depending on firm heterogeneity as well as the wage gap between home country and host country.
關聯 Research in World Economy, 6(1), 20-35
資料類型 article
DOI http://dx.doi.org/10.5430/rwe.v6n1p20
dc.contributor 國貿系
dc.creator (作者) Chen, Kun-Ming;Lin, Chia-Ching;Yang, Shu-Fei
dc.creator (作者) 陳坤銘zh_TW
dc.date (日期) 2015
dc.date.accessioned 14-一月-2015 15:54:36 (UTC+8)-
dc.date.available 14-一月-2015 15:54:36 (UTC+8)-
dc.date.issued (上傳時間) 14-一月-2015 15:54:36 (UTC+8)-
dc.identifier.uri (URI) http://140.119.115.13/handle/140.119/72874-
dc.description.abstract (摘要) This paper develops a game-theoretical model to investigate heterogeneous firms` entry mode choice of international expansion. The distinct feature of this paper is that exchange rate, R&D competition, and intra-industry firm heterogeneity are incorporated into the theoretical framework. The possible impact of a firm`s outward foreign direct investment (OFDI) on its R&D spending and other non-OFDI firms` R&D spending is also examined. Our analytical results indicate that, if host country has lower labor costs, when facing rising domestic labor costs or appreciation of home currency, a firm with lower productivity in production or R&D activity will choose OFDI, whereas the firms with higher productivity will produce at home and export. In addition, our results demonstrate that the impact of OFDI on R&D spending is ambiguous, depending on firm heterogeneity as well as the wage gap between home country and host country.
dc.format.extent 286648 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Research in World Economy, 6(1), 20-35
dc.subject (關鍵詞) exchange rate; firm heterogeneity; foreign direct investment; R&D
dc.title (題名) Exchange Rate Movements, Foreign Direct Investment, and Domestic R&D
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.5430/rwe.v6n1p20en_US
dc.doi.uri (DOI) http://dx.doi.org/10.5430/rwe.v6n1p20 en_US