Research Joint Ventures as a Tool of Strategic Trade Policy
This paper combines the analysis of the R&D cooperation with the strategic trade policy theory. By introducing endogenous formation of research joint venture, we investigate when the research joint venture works as a tool of strategic trade policy, and provide its welfare implications. If R&...
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| Format: | Article |
| Language: | English |
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Korea Institute for International Economic Policy
2005-06-01
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| Series: | East Asian Economic Review |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.11644/KIEP.JEAI.2005.9.1.138 |
| _version_ | 1819041067529404416 |
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| author | Jeong-Eon Kim |
| author_facet | Jeong-Eon Kim |
| author_sort | Jeong-Eon Kim |
| collection | DOAJ |
| description | This paper combines the analysis of the R&D cooperation with the strategic trade policy theory. By introducing endogenous formation of research joint venture, we investigate when the research joint venture works as a tool of strategic trade policy, and provide its welfare implications. If R&D cooperation by forming a research joint venture is made only in the home country and not in the foreign country, the home country benefits but foreign country hurts in terms of national welfare. This is a robust result in the sense that it hoThis paper combines the analysis of the R&D cooperation with the strategic trade policy theory. By introducing endogenous formation of research joint venture, we investigate when the research joint venture works as a tool of strategic trade policy, and provide its welfare implications. If R&D cooperation by forming a research joint venture is made only in the home country and not in the foreign country, the home country benefits but foreign country hurts in terms of national welfare. This is a robust result in the sense that it holds regardless of market structure. We also find that given a research joint venture is formed in each country (i.e., two research joint ventures in the world), both the home and the foreign countries may hurt depending on market structure, which implies a 'prisoner’s dilemma' result. |
| first_indexed | 2024-12-21T09:19:06Z |
| format | Article |
| id | doaj.art-e0f1599176b245f2b1601125e135eb8d |
| institution | Directory Open Access Journal |
| issn | 2508-1640 2508-1667 |
| language | English |
| last_indexed | 2024-12-21T09:19:06Z |
| publishDate | 2005-06-01 |
| publisher | Korea Institute for International Economic Policy |
| record_format | Article |
| series | East Asian Economic Review |
| spelling | doaj.art-e0f1599176b245f2b1601125e135eb8d2022-12-21T19:09:04ZengKorea Institute for International Economic PolicyEast Asian Economic Review2508-16402508-16672005-06-0191109129http://dx.doi.org/10.11644/KIEP.JEAI.2005.9.1.138Research Joint Ventures as a Tool of Strategic Trade PolicyJeong-Eon Kim 0Korea Information Strategy Development IstituteThis paper combines the analysis of the R&D cooperation with the strategic trade policy theory. By introducing endogenous formation of research joint venture, we investigate when the research joint venture works as a tool of strategic trade policy, and provide its welfare implications. If R&D cooperation by forming a research joint venture is made only in the home country and not in the foreign country, the home country benefits but foreign country hurts in terms of national welfare. This is a robust result in the sense that it hoThis paper combines the analysis of the R&D cooperation with the strategic trade policy theory. By introducing endogenous formation of research joint venture, we investigate when the research joint venture works as a tool of strategic trade policy, and provide its welfare implications. If R&D cooperation by forming a research joint venture is made only in the home country and not in the foreign country, the home country benefits but foreign country hurts in terms of national welfare. This is a robust result in the sense that it holds regardless of market structure. We also find that given a research joint venture is formed in each country (i.e., two research joint ventures in the world), both the home and the foreign countries may hurt depending on market structure, which implies a 'prisoner’s dilemma' result.http://dx.doi.org/10.11644/KIEP.JEAI.2005.9.1.138Research Joint VentureR&D CooperationStrategic Trade Policy |
| spellingShingle | Jeong-Eon Kim Research Joint Ventures as a Tool of Strategic Trade Policy East Asian Economic Review Research Joint Venture R&D Cooperation Strategic Trade Policy |
| title | Research Joint Ventures as a Tool of Strategic Trade Policy |
| title_full | Research Joint Ventures as a Tool of Strategic Trade Policy |
| title_fullStr | Research Joint Ventures as a Tool of Strategic Trade Policy |
| title_full_unstemmed | Research Joint Ventures as a Tool of Strategic Trade Policy |
| title_short | Research Joint Ventures as a Tool of Strategic Trade Policy |
| title_sort | research joint ventures as a tool of strategic trade policy |
| topic | Research Joint Venture R&D Cooperation Strategic Trade Policy |
| url | http://dx.doi.org/10.11644/KIEP.JEAI.2005.9.1.138 |
| work_keys_str_mv | AT jeongeonkim researchjointventuresasatoolofstrategictradepolicy |