The Economics of Joint Ventures in Less Developed Countries

Jan Svejnar and Stephen Smith

The Quarterly Journal of Economics, 1984, vol. 99, issue 1, 149-167

Abstract: The paper examines the microeconomic (partial equilibrium) behavior of joint ventures established between transnational corporations and domestic partners in less developed countries. It focuses on issues relating to resource allocation and profit distribution under various institutional scenarios. The analysis places special emphasis on the role of bargaining power, transfer pricing, stock ownership, and profit shares of the parties, and the responsiveness of joint ventures to national development goals. Some of the results apply to wholly owned subsidiaries of transnational corporations, local firms, and licensing arrangements, which emerge as special cases.

Date: 1984
References: Add references at CitEc
Citations: View citations in EconPapers (61)

Downloads: (external link)
http://hdl.handle.net/10.2307/1885725 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:qjecon:v:99:y:1984:i:1:p:149-167.

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

The Quarterly Journal of Economics is currently edited by Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva

More articles in The Quarterly Journal of Economics from President and Fellows of Harvard College
Bibliographic data for series maintained by Oxford University Press ().