International joint ventures and technology diffusion: Evidence from China

This paper investigates international technology diffusion through FDI by explicitly considering the ownership structure of FDI projects with detailed Chinese data. We find that international joint ventures ( JV s) generate significantly positive technology diffusion effects, while wholly foreign‐owned firms ( WFO s) generate significantly negative competition effects. The differentiated impacts of JV s and WFO s are robust, heterogeneous and...