• Search Research Projects
  • Search Researchers
  • How to Use
  1. Back to previous page

A Study on Factors Affecting Foreign Direct Investment and the Effects of Related Policies

Research Project

Project/Area Number 19H01481
Research Category

Grant-in-Aid for Scientific Research (B)

Allocation TypeSingle-year Grants
Section一般
Review Section Basic Section 07040:Economic policy-related
Research InstitutionKyoto University

Principal Investigator

Jinji Naoto  京都大学, 経済学研究科, 教授 (60345452)

Co-Investigator(Kenkyū-buntansha) 田中 鮎夢  青山学院大学, 経済学部, 准教授 (20583967)
伊藤 匡  学習院大学, 国際社会科学部, 教授 (40550413)
鎌田 伊佐生  新潟県立大学, 国際経済学部, 教授 (40749503)
稲田 光朗  宮崎公立大学, 人文学部, 准教授 (90750456)
Project Period (FY) 2019-04-01 – 2022-03-31
Project Status Completed (Fiscal Year 2021)
Budget Amount *help
¥16,380,000 (Direct Cost: ¥12,600,000、Indirect Cost: ¥3,780,000)
Fiscal Year 2021: ¥5,330,000 (Direct Cost: ¥4,100,000、Indirect Cost: ¥1,230,000)
Fiscal Year 2020: ¥5,590,000 (Direct Cost: ¥4,300,000、Indirect Cost: ¥1,290,000)
Fiscal Year 2019: ¥5,460,000 (Direct Cost: ¥4,200,000、Indirect Cost: ¥1,260,000)
Keywords直接投資 / 国際協定 / 労働市場 / 商社 / 直接投資誘致政策 / 政策的不確実性 / 対内直接投資誘致政策
Outline of Research at the Start

本研究は,直接投資(FDI)に影響を与える諸要因と関連する政策の効果について,投資国と投資受入国の双方の視点から主に実証的に研究する.具体的には,(1)対内FDIを新規投資と既存事業拡大に分け,対内FDI誘致政策を参入規制緩和と誘致産業目標設定に分けて,その異質な効果を分析する.(2)対内FDIと投資受入国の国内労働市場との関係について,双方向の関係を想定した上で因果関係を検証する.(3)対外FDIにおいて商社が果たす役割について明らかにする.(4)国際協定と政策的不確実性との関係に着目して,国際協定の締結がFDIに与える効果を分析する.以上により,FDIに関する研究に貢献することを目指す.

Outline of Final Research Achievements

In this study, we analyze various factors that influence inward and outward foreign direct investment (FDI) and the effects of related policies on FDI. First, with regard to policies to attract inward FDI, we compare the effects of targeted promotion and selective liberalization on inward FDI in China. Second, we analyze the relationship between inward FDI and the host country's domestic labor conditions by testing whether the labor market flexibility in a host economy contributes to an increase in inward FDI. Third, taking into account the possibility of partially-owned foreign affiliates, we examine the relationship between productivity and ownership shares/structures. We show that lower productivity firms tend to opt for joint-ventures with wholesalers and/or local/3rd country partners. Finally, we propose a method to measure the policy uncertainty that affects FDI at the industry level and show that international investment agreements are effective in reducing policy uncertainty.

Academic Significance and Societal Importance of the Research Achievements

FDIの諸要因と政策の効果について,既存研究では十分に解明されてこなかった課題を分析し,学術的にも意義があり,政策立案にも資する成果が得られた.異なる対内FDI誘致政策について,誘致の効果の違いを明らかにし,どのような誘致政策がより効果的であるかを示した.既存研究では完全子会社のみを想定してFDIの分析が行われてきたのに対して,現実には商社等との共同出資で海外進出する企業が多く,共同出資によって生産性の低い企業でも海外進出できることを明らかにしたことは政策的にも意義がある.さらに,FDIを行う企業が直面する政策的不確実性が異なる点を考慮し,国際投資協定の有効性を示したのは新たな発見である.

Report

(4 results)
  • 2021 Annual Research Report   Final Research Report ( PDF )
  • 2020 Annual Research Report
  • 2019 Annual Research Report
  • Research Products

    (37 results)

All 2022 2021 2020 2019

All Journal Article (16 results) (of which Int'l Joint Research: 1 results,  Peer Reviewed: 3 results,  Open Access: 9 results) Presentation (20 results) (of which Int'l Joint Research: 10 results,  Invited: 6 results) Book (1 results)

  • [Journal Article] Individual Preferences Toward Inward Foreign Direct Investment: A Conjoint Survey Experiment2022

    • Author(s)
      Ayumu Tanaka、Banri Ito、Naoto Jinji
    • Journal Title

      RIETI Discussion Paper Series

      Volume: 22-E-005

    • Related Report
      2021 Annual Research Report
    • Open Access
  • [Journal Article] The Impact of Policy Uncertainty on Foreign Direct Investment: Micro-Evidence from Japan's International Investment Agreements2022

    • Author(s)
      Mitsuo Inada, Naoto Jinji
    • Journal Title

      Kyoto University Graduate School of Economics Discussion Paper Series

      Volume: E-21-010

    • Related Report
      2021 Annual Research Report
    • Open Access
  • [Journal Article] Third Country Effects of Trump Tariffs: Which Countries Benefited from Trump's Trade War?2022

    • Author(s)
      Tadashi Ito
    • Journal Title

      RIETI Discussion Paper Series

      Volume: 22-E-007

    • Related Report
      2021 Annual Research Report
    • Open Access
  • [Journal Article] The Effects of Trump's Trade War with China on Japan's Trade2022

    • Author(s)
      Tadashi Ito
    • Journal Title

      RIETI Discussion Paper Series

      Volume: 22-E-019

    • Related Report
      2021 Annual Research Report
    • Open Access
  • [Journal Article] Wholesalers, indirect exports, geography, and economies of scope: Evidence from firm transaction data in Japan2021

    • Author(s)
      Ito Tadashi、Nakamura Ryohei、Morita Manabu
    • Journal Title

      Japan and the World Economy

      Volume: 58 Pages: 101055-101055

    • DOI

      10.1016/j.japwor.2021.101055

    • Related Report
      2021 Annual Research Report
    • Peer Reviewed
  • [Journal Article] What does Regional Economic Integration Deliver?2021

    • Author(s)
      Jinji Naoto
    • Journal Title

      The International Economy

      Volume: 24 Issue: 0 Pages: 1-22

    • DOI

      10.5652/internationaleconomy/ie2020.24.03.nj

    • NAID

      130008023753

    • ISSN
      1884-4367, 2186-6074
    • Related Report
      2020 Annual Research Report
    • Peer Reviewed / Open Access
  • [Journal Article] 外国直接投資、所有構造、生産性2021

    • Author(s)
      伊藤 匡・田中 鮎夢
    • Journal Title

      京都大学大学院経済学研究科ディスカッションペーパーシリーズ

      Volume: J-20-008

    • Related Report
      2020 Annual Research Report
    • Open Access
  • [Journal Article] Labor Market Flexibility and Inward Foreign Direct Investment: Incentive or Outcome?2021

    • Author(s)
      KAMATA, Isao
    • Journal Title

      Kyoto University Graduate School of Economics Discussion Paper Series

      Volume: E-20-007

    • Related Report
      2020 Annual Research Report
    • Open Access
  • [Journal Article] Labor Market Flexibility and Inward Foreign Direct Investment2020

    • Author(s)
      KAMATA, Isao
    • Journal Title

      RIETI Discussion Paper Series

      Volume: 20-E-057

    • Related Report
      2020 Annual Research Report
    • Open Access
  • [Journal Article] Do Labor Clauses in Regional Trade Agreements Reduce the Trade Creation Effect?2020

    • Author(s)
      JINJI, Naoto, and KAMATA, Isao
    • Journal Title

      Kyoto University Graduate School of Economics Discussion Paper Series

      Volume: E-20-002

    • Related Report
      2020 Annual Research Report
    • Open Access
  • [Journal Article] FDI, Ownership Structure, and Productivity2020

    • Author(s)
      Tadashi Ito and Ayumu Tanaka
    • Journal Title

      RIETI Discussion Paper Series

      Volume: 20-E-017 Pages: 1-21

    • Related Report
      2019 Annual Research Report
  • [Journal Article] 貿易と労働に関する最近の研究: Helpman et al. (2010) モデル2020

    • Author(s)
      田中鮎夢
    • Journal Title

      京都大学大学院経済学研究科ディスカッションペーパーシリーズ

      Volume: J-19-002 Pages: 1-25

    • Related Report
      2019 Annual Research Report
  • [Journal Article] To What Degree does Policy Uncertainty Affect Foreign Direct Investment? Micro-evidence from Japan's International Investment Agreements2020

    • Author(s)
      Mitsuo Inada and Naoto Jinj
    • Journal Title

      RIETI Discussion Paper Series

      Volume: 20-E-022 Pages: 1-27

    • Related Report
      2019 Annual Research Report
  • [Journal Article] A New Approach for Quantifying the Costs of Utilizing Regional Trade Agreements2020

    • Author(s)
      Kazunobu Hayakawa, Naoto Jinji, Nuttawut Laksanapanyakul, Toshiyuki Matsuura, and Taiyo Yoshimi
    • Journal Title

      Kyoto University Graduate School of Economics Discussion Paper Series

      Volume: E-19-010 Pages: 1-37

    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research
  • [Journal Article] Do Deeper Regional Trade Agreements Enhance International Technology Spillovers?2019

    • Author(s)
      Jinji, Naoto, Xingyuan Zhang, and Shoji Haruna
    • Journal Title

      The World Economy

      Volume: 印刷中 Issue: 8 Pages: 2326-2363

    • DOI

      10.1111/twec.12797

    • Related Report
      2019 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Promotion or Liberalization: The Effect of Targeted Investment Policies on FDI Inflows2019

    • Author(s)
      Mitsuo Inada
    • Journal Title

      RIETI Discussion Paper Series

      Volume: 19-E-071 Pages: 1-24

    • Related Report
      2019 Annual Research Report
  • [Presentation] The Impact of Policy Uncertainty on Foreign Direct Investment: Micro-Evidence from Japan's International Investment Agreements2022

    • Author(s)
      神事直人
    • Organizer
      IEFS Japan Annual Meeting 2021
    • Related Report
      2021 Annual Research Report
    • Int'l Joint Research / Invited
  • [Presentation] Third Country Effects of Trump Tariffs: Which Countries Benefited from Trump's Trade War2021

    • Author(s)
      伊藤 匡
    • Organizer
      SASS International Economics Workshop 2021
    • Related Report
      2021 Annual Research Report
    • Int'l Joint Research / Invited
  • [Presentation] Labor Market Flexibility and Inward Foreign Direct Investment: Incentive or Outcome?2021

    • Author(s)
      Kamata, Isao
    • Organizer
      Western Economic Association International (WEAI) 96th Annual Conference (virtual)
    • Related Report
      2021 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Labor Market Flexibility and Inward Foreign Direct Investment: Incentive or Outcome?2021

    • Author(s)
      Kamata, Isao
    • Organizer
      European Trade Study Group (ETSG) 22nd Annual Conference (hybrid)
    • Related Report
      2021 Annual Research Report
    • Int'l Joint Research
  • [Presentation] National security concerns over inward foreign direct investment: Evidence from a conjoint survey experiment2021

    • Author(s)
      田中鮎夢
    • Organizer
      日本国際経済学会関東支部研究会
    • Related Report
      2021 Annual Research Report
  • [Presentation] FDI, Ownership Structure, and Productivity2021

    • Author(s)
      伊藤 匡
    • Organizer
      Workshop on Trade and Development
    • Related Report
      2020 Annual Research Report
    • Int'l Joint Research / Invited
  • [Presentation] FDI, Ownership Structure, and Productivity2020

    • Author(s)
      田中鮎夢
    • Organizer
      日本国際経済学会関東支部研究会
    • Related Report
      2020 Annual Research Report
    • Invited
  • [Presentation] Labor Market Flexibility and Inward Foreign Direct Investment: Incentive or Outcome?2020

    • Author(s)
      鎌田伊佐生
    • Organizer
      日本国際経済学会第79回全国大会
    • Related Report
      2020 Annual Research Report
  • [Presentation] To what degree does policy uncertainty affect foreign direct investment? Micro-evidence from Japan's International Investment Agreements2020

    • Author(s)
      神事直人
    • Organizer
      日本経済学会 2020年度春季大会
    • Related Report
      2020 Annual Research Report
  • [Presentation] To what degree does policy uncertainty affect foreign direct investment? Micro-evidence from Japan's International Investment Agreements2020

    • Author(s)
      稲田光朗
    • Organizer
      日本国際経済学会 第79回全国大会
    • Related Report
      2020 Annual Research Report
  • [Presentation] Promotion or Liberalization: The Effect of Targeted Investment Policies on FDI Inflows2020

    • Author(s)
      稲田光朗
    • Organizer
      Keio-Kyoto Joint International Trade Webinar
    • Related Report
      2020 Annual Research Report
    • Invited
  • [Presentation] How much does Policy Uncertainly Affect Foreign Direct Investment? Micro-evidence from Japan's International Investment Agreements2020

    • Author(s)
      神事直人
    • Organizer
      Japan Economy Workshop (University of Hawaii at Manoa)
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research
  • [Presentation] How much does Policy Uncertainly Affect Foreign Direct Investment? Micro-evidence from Japan's International Investment Agreements (採択・中止)2020

    • Author(s)
      神事直人
    • Organizer
      Western Economic Association International 16th International Conference (上海・復旦大学)
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Promotion or Liberalization: The Effect of Targeted Investment Policies on FDI Inflows (採択・中止)2020

    • Author(s)
      稲田光朗
    • Organizer
      Western Economic Association International 16th International Conference (上海・復旦大学)
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Labor-market Flexibility and Inward Foreign Direct Investment: Incentive or Outcome?2020

    • Author(s)
      鎌田伊佐生
    • Organizer
      Japan Economy Workshop (於:University of Hawaii at Manoa)
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Labor Market Flexibility and Inward Foreign Direct Investment2020

    • Author(s)
      鎌田伊佐生
    • Organizer
      RIEBセミナー(於:神戸大学)
    • Related Report
      2019 Annual Research Report
  • [Presentation] FDI, Ownership Structure, and Productivity (採択・中止)2020

    • Author(s)
      伊藤匡
    • Organizer
      Western Economic Association International 16th International Conference (上海・復旦大学)
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Promotion or Liberalization: The Effect of Targeted Investment Policies on FDI Inflows2019

    • Author(s)
      稲田光朗
    • Organizer
      日本国際経済学会第78回全国大会 (アジア経済研究所)
    • Related Report
      2019 Annual Research Report
  • [Presentation] Promotion or Liberalization: The Effect of Targeted Investment Policies on FDI Inflows2019

    • Author(s)
      稲田光朗
    • Organizer
      中国経済経営学会2019年度全国大会 (愛知大学)
    • Related Report
      2019 Annual Research Report
  • [Presentation] 地域経済統合は何をもたらすのか2019

    • Author(s)
      神事直人
    • Organizer
      日本国際経済学会第78回全国大会
    • Related Report
      2019 Annual Research Report
    • Invited
  • [Book] Deep Integration, Global Firms, and Technology Spillovers2022

    • Author(s)
      Naoto Jinji, Xingyuan Zhang, Shoji Haruna
    • Total Pages
      178
    • Publisher
      Springer
    • ISBN
      9789811652097
    • Related Report
      2021 Annual Research Report

URL: 

Published: 2019-04-18   Modified: 2023-01-30  

Information User Guide FAQ News Terms of Use Attribution of KAKENHI

Powered by NII kakenhi