International Joint Venture and the Technology of the Future

Sugata Marjit, Arijit Mukherjee and Tarun Kabiraj ()

No 2001/01, Keele Department of Economics Discussion Papers (1995-2001) from Department of Economics, Keele University

Abstract: We consider the possibility of forming a joint venture (JV) between a local firm and a foreign multinational in a situation when there is no current gain from such an arrangement. In the presence of policy uncertainty and threat of entry, a current period formation of JV with the multinational, which is expected to come up with a superior technology in the future, gives a strategic advantage to the incumbent.

Keywords: imitation; joint venture; policy uncertainty; technology transfer (search for similar items in EconPapers)
JEL-codes: F21 F23 L13 (search for similar items in EconPapers)
Date: 2001-02
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Published in Research in Economics, September 2004, Vol. 58(3), pages 219-34. [ doi:10.1016/j.rie.2004.05.002 ]

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