Trade liberalization in Asia and FDI strategies in heterogeneous firms: Evidence from Japanese firm-level data

Kazunobu Hayakawa, Toshiyuki Matsuura

研究成果: Article査読

7 被引用数 (Scopus)

抄録

This article clarifies the reasons for the recent rapid growth of foreign direct investment (FDI) in developing countries, particularly Asian countries. For this purpose, we theoretically and empirically examine the mechanics of both horizontal FDI and vertical FDI (VFDI) to shed light on the role of trade costs. Our empirical analysis using a logit or multinomial logit model of Japanese firms' FDI choices reveals that the tariff reduction in Asian countries has lowered the productivity cutoff for VFDI. This result indicates that since developing countries, particularly Asian countries, have experienced a relatively rapid decrease in tariff rates, the increase in VFDI through tariff reduction led to the recent surge of FDI in developing countries.

本文言語English
ページ(範囲)494-513
ページ数20
ジャーナルOxford Economic Papers
67
2
DOI
出版ステータスPublished - 2015 4月 1

ASJC Scopus subject areas

  • 経済学、計量経済学

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