| Budget Amount *help |
¥4,160,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥960,000)
Fiscal Year 2020: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2019: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2018: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
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| Outline of Final Research Achievements |
In this research project, we analyze the mechanism of global value chain (GVC) formation by constructing a multi-country model a la Ricardian comparative advantage that incorporates the GVC. We analytically find that, through comparative advantage, the country with a higher technology level produces the intermediate inputs at production stages involving a higher degree of complexity. Furthermore, we calibrate GVC participation values and wages using data from the World Input-Output Database and document a good fit of our model to real-world data.
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