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    Intellectual Property Rights and Entry into a Foreign Market: FDI versus Joint Ventures


    Leahy, Dermot (2010) Intellectual Property Rights and Entry into a Foreign Market: FDI versus Joint Ventures. Review of International Economics, 18 (4). pp. 633-649. ISSN 0965-7576

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    Abstract

    We study the effect of the intellectual property rights (IPR) regime of a host country (South) on a multinational’s decision between serving a market via greenfield foreign direct investment to avoid the exposure of its technology or a North–South joint venture (JV) with a local firm, which allows R&D spillovers under imperfect IPRs. JV is the equilibrium market structure when R&D intensity is moderate and IPRs strong. The South can gain from increased IPR protection because it encourages a JV, whereas policies to limit foreign ownership in a JV gain importance in technology-intensive industries as complementary policies to strong IPRs.

    Item Type: Article
    Keywords: Intellectual; Property Rights; Foreign Market; FDI;
    Academic Unit: Faculty of Social Sciences > Economics, Finance and Accounting
    Item ID: 8459
    Identification Number: https://doi.org/10.1111/j.1467-9396.2010.00901.x
    Depositing User: Dermot Leahy
    Date Deposited: 18 Jul 2017 08:28
    Journal or Publication Title: Review of International Economics
    Publisher: Wiley
    Refereed: Yes
    URI:

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