摘要：
This paper considers a Cournot model with a local content requirement and export share
requirement. The analysis investigates the conditions under which the local content requirement
may promote an intermediate industry and explores the optimal local content requirement and
the key factors that affect it. The results show that while a small local content requirement has a
promotion effect when it is first introduced, while if the local content requirement is further
increased, the effect will depend on the intermediate industry’s production efficiency. Further
more, the optimal local content requirement should be higher as the domestic market expands or
the export price increases. Finally, the export share requirement can be treated as a policy in
strument that is supplementary to the local content requirement.
