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Please use this identifier to cite or link to this item: http://hdl.handle.net/2344/1113

タイトル: Heterogeneous multinational firms and productivity gains from falling FDI barriers
著者: Arita, Shawn
Tanaka, Kiyoyasu
田中, 清泰
キーワード: Japan
International business enterprises
Foreign investments
Manufacturing industries
Industrial management
Multinational firms
FDI
Firm heterogeneity
Investment Liberalization
Issue Date: Feb-2012
出版者: Institute of Developing Economies, JETRO
引用: IDE Discussion Paper. No. 324. 2012.2
抄録: During the past decade of declining FDI barriers, small domestic firms disproportionately contracted while large multinational firms experienced a substantial growth in Japan’s manufacturing sector. This paper quantitatively assesses the impact of FDI globalization on intra-industry reallocations and aggregate productivity. We calibrate the firm-heterogeneity model of Eaton, Kortum, and Kramarz (2011) to micro-level data on Japanese multinational firms. Estimating the structural parameters of the model, we demonstrate that the model can strongly replicate the entry and sales patterns of Japanese multinationals. Counterfactual simulations show that declining FDI barriers lead to a disproportionate expansion of foreign production by more efficient firms relative to less efficient firms. A hypothetical 20% reduction in FDI barriers is found to generate a 30.7% improvement in aggregate productivity through market-share reallocation.
URI: http://hdl.handle.net/2344/1113
Appears in Collections:04.IDE Discussion Paper
01.経済、産業(Economy and Industry)/東アジア(East Asian Studies)

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