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

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Author Info
Alireza Naghavi (Università di Modena e Reggio Emilia)
Dermot Leahy (University College Dublin)

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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 entering a 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 by encouraging a JV, whereas policies to limit foreign ownership in a JV gain importance in technology intensive industries as complementary policies to strong IPRs.

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Publisher Info
Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2006.97.

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Date of creation: Jun 2006
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Handle: RePEc:fem:femwpa:2006.97

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Related research
Keywords: Joint Ventures Intellectual Property Rights Technology Transfer R&D Spillovers FDI Policy

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Find related papers by JEL classification:
O34 - Economic Development, Technological Change, and Growth - - Technological Change - - - Intellectual Property Rights
F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
O32 - Economic Development, Technological Change, and Growth - - Technological Change - - - Management of Technological Innovation and R&D
F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures
O24 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy

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  1. Zigic, Kresimir, 1998. "Intellectual property rights violations and spillovers in North-South trade," European Economic Review, Elsevier, vol. 42(9), pages 1779-1799, November. [Downloadable!] (restricted)
  2. Mattoo, Aaditya & Olarreaga, Marcelo & Saggi, Kamal, 2001. "Mode of Foreign Entry, Technology Transfer, and FDI Policy," CEPR Discussion Papers 2870, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  3. Al-Saadon, Yousef & Das, Satya P., 1996. "Host-country policy, transfer pricing and ownership distribution in international joint ventures: A theoretical analysis," International Journal of Industrial Organization, Elsevier, vol. 14(3), pages 345-364, May. [Downloadable!] (restricted)
  4. Saggi, Kamal, 1999. "Foreign Direct Investment, Licensing, and Incentives for Innovation," Review of International Economics, Blackwell Publishing, vol. 7(4), pages 699-714, November.
  5. Vishwasrao, Sharmila, 1994. "Intellectual property rights and the mode of technology transfer," Journal of Development Economics, Elsevier, vol. 44(2), pages 381-402, August. [Downloadable!] (restricted)
  6. Javorcik, Beata Smarzynska & Saggi, Kamal, 2004. "Technological asymmetry among foreign investors and mode of entry," Policy Research Working Paper Series 3196, The World Bank. [Downloadable!]
  7. Chin, J.C. & Grossman, G.M., 1988. "Intellectual Property Rigths And North-South Trade," Papers 143, Princeton, Woodrow Wilson School - Public and International Affairs.
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  8. J.P Neary & P O'Sullivan, 1998. "Beat 'Em or Join 'Em: Export Subsidies versus International Research Joint Ventures in Oligopolistic Markets," CEP Discussion Papers 0408, Centre for Economic Performance, LSE. [Downloadable!]
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  9. Suzumura, Kotaro, 1992. "Cooperative and Noncooperative R&D in an Oligopoly with Spillovers," American Economic Review, American Economic Association, vol. 82(5), pages 1307-20, December. [Downloadable!] (restricted)
  10. Das, Satya P, 1999. "Direct Foreign Investment versus Licensing," Review of Development Economics, Blackwell Publishing, vol. 3(1), pages 86-97, February. [Downloadable!] (restricted)
  11. Saggi, Kamal, 1996. "Entry into a Foreign Market: Foreign Direct Investment versus Licensing," Review of International Economics, Blackwell Publishing, vol. 4(1), pages 99-104, February.
  12. Ping Lin & Kamal Saggi, 2004. "Ownership Structure and Technological Upgrading in International Joint Ventures," Review of Development Economics, Blackwell Publishing, vol. 8(2), pages 279-294, 05. [Downloadable!] (restricted)
  13. Alireza Naghavi, 2005. "Strategic Intellectual Property Rights Policy and North-South Technology Transfer," Working Papers 2005.18, Fondazione Eni Enrico Mattei. [Downloadable!]
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