The Economics of Export-Performance Requirements
分析对外国投资者施加出口业绩要求对资源配置和福利的影响,指出在关税扭曲和寡头垄断市场下,出口要求可能通过减少对外国资本的支付、降低过度生产的产出以及将利润转向本国企业来改善本国福利。
This paper analyzes the resource-allocation and welfare effects of export-performance requirements imposed on foreign investors. It argues that a satisfactory analysis must consider the presence of tariff distortions and oligopolistic behavior in host-country markets. These create a second-best environment in which an evaluation of the welfare effects of such requirements is no longer straightforward. It is concluded that export requirements can improve home welfare by reducing payments to foreign capital, reducing the output of commodities which are being overproduced, and shifting profits toward domestically owned firms.