Quid Pro Quo: Technology Capital Transfers for Market Access in China
研究中国要求跨国公司以技术转让换取市场准入的政策，通过构建多国动态一般均衡模型，利用中国专利和外商直接投资数据量化该政策对全球创新和福利的影响。
By the 1970s, quid pro quo policy, which requires multinational firms to transfer technology in return for market access, had become a common practice in many developing countries. While many countries have subsequently liberalized quid pro quo requirements, China continues to follow the policy. In this article, we incorporate quid pro quo policy into a multicountry dynamic general equilibrium model, using microevidence from Chinese patents to motivate key assumptions about the terms of the technology transfer deals and macroevidence on China's inward foreign direct investment (FDI) to estimate key model parameters. We then use the model to quantify the impact of China's quid pro quo policy and show that it has had a significant impact on global innovation and welfare.