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PUBLIC INVESTMENT,TAXATION AND TRANSFER OF TECHNOLOGY
Authors:Iraklis KOLLIAS  Sugata MARJIT  Nickolas J. MICHELACAKIS
Abstract:A low‐wage developing economy (South) is interested in accessing and attracting superior technology from a high‐wage developed economy (North) with firms having heterogeneous quality of technology. To improve upon the initial market equilibrium, which shows that relatively inefficient technologies will move to the South, the host government invests in infrastructure financed through taxing the foreign firms. We discuss the problem of existence of such a tax‐transfer mechanism within a balanced budget framework. We argue that such a policy can increase tax revenue as well as instigate the transfer of better quality technology. It turns out that this policy is more likely to be successful when the production concerns high‐value, high‐price products in low‐wage economies. Our results improve upon the conventional strategy of a tax break.
Keywords:Public investment  tax  high‐low wage economy  technology transfer  model  D42  H21  O33
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