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China shock, Trump schock: Who are the victims?

Research Project

Project/Area Number 20H01501
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 InstitutionGakushuin University

Principal Investigator

Ito Tadashi  学習院大学, 国際社会科学部, 教授 (40550413)

Co-Investigator(Kenkyū-buntansha) 神事 直人  京都大学, 経済学研究科, 教授 (60345452)
椋 寛  学習院大学, 経済学部, 教授 (90365065)
Project Period (FY) 2020-04-01 – 2024-03-31
Project Status Completed (Fiscal Year 2023)
Budget Amount *help
¥15,470,000 (Direct Cost: ¥11,900,000、Indirect Cost: ¥3,570,000)
Fiscal Year 2023: ¥2,730,000 (Direct Cost: ¥2,100,000、Indirect Cost: ¥630,000)
Fiscal Year 2022: ¥3,250,000 (Direct Cost: ¥2,500,000、Indirect Cost: ¥750,000)
Fiscal Year 2021: ¥3,120,000 (Direct Cost: ¥2,400,000、Indirect Cost: ¥720,000)
Fiscal Year 2020: ¥6,370,000 (Direct Cost: ¥4,900,000、Indirect Cost: ¥1,470,000)
Keywords中国からの輸入急拡大 / 米中貿易戦争 / 不確実性 / トランプ関税 / 米中貿易摩擦 / トランプ / 中国ショック / トランプショック / 関税パススルー / 中国ショック、トランプショック / 政策の不確実性
Outline of Research at the Start

本研究では、国際経済において発生した「中国ショック」と「トランプショック」の各経済主体への影響を現存する最も詳細なデータを利用して分析する。それぞれ、以下の問いに関して分析を行う。中国ショックについては、中国からの輸入浸透率の上昇が日本国内企業の雇用に与えた影響について既存文献から更に踏み込んで地域特性や企業特性による雇用への影響の差異、更には広く企業の対応について雇用調整のみならず生産品目の調整などについても分析する。トランプショックについては、交易条件改善効果の有無及び第三国経済への波及効果、政策不確実性の貿易・投資への影響について分析する。

Outline of Final Research Achievements

This research project investigated the economic effects of the two “shocks” that occurred during the last few decades in international economies. One is the drastically increased presence of China in the world trading system. The other is the US-China trade war waged by the former US president, Donald Trump. In particular, the projects analyzed the following issues. 1. The effects of “the China shock” (drastic increases in imports from China) on the Japanese labor market and Japanese firms’ adjustment (employment, product switching, etc.). 2. The effects of “the Trump shock” (the US-China trade war) on the terms of trade and the trade of the third countries, especially Japan and Korea. 3. The effects of increasing uncertainty on trade and investment. Eleven academic papers directly related to these issues, and five academic papers indirectly related were made public.

Academic Significance and Societal Importance of the Research Achievements

中国との貿易関係が世界で最も急速に深まった日本の企業・事業所レベルのデータを利用して「中国ショック」の影響を分析したこと、またトランプ前米国大統領による大幅な関税引き上げによって実証検証が初めて可能になった交易改善効果を分析したこと、また米中貿易戦争の日本など第三国への影響を分析したこと、更には近年益々高まる不確実性が貿易・投資に与える影響を分析したこと、これらはどれも新規性且つ分析方法の適切性という観点より学術的意義を有し、また現在世界が抱える喫緊且つ最大の課題に対する知見を提供した点において社会的意義を有する。

Report

(5 results)
  • 2023 Annual Research Report   Final Research Report ( PDF )
  • 2022 Annual Research Report
  • 2021 Annual Research Report
  • 2020 Annual Research Report
  • Research Products

    (24 results)

All 2024 2023 2022 2021 2020 Other

All Int'l Joint Research (2 results) Journal Article (14 results) (of which Int'l Joint Research: 2 results,  Peer Reviewed: 9 results,  Open Access: 7 results) Presentation (7 results) (of which Int'l Joint Research: 2 results,  Invited: 4 results) Book (1 results)

  • [Int'l Joint Research] King's college London(英国)

    • Related Report
      2023 Annual Research Report
  • [Int'l Joint Research] Aix-Marseille School of Economics(フランス)

    • Related Report
      2022 Annual Research Report
  • [Journal Article] Impact of Technological Decoupling between the United States and China on Trade and Welfare2024

    • Author(s)
      Jinji Naoto and Ozawa Shunya
    • Journal Title

      RIETI Discussion Paper

      Volume: 24-E-041 Pages: 1-62

    • Related Report
      2023 Annual Research Report
    • Open Access
  • [Journal Article] Negotiating over the rules of origin in regional trade agreements in Asia2024

    • Author(s)
      Hayakawa Kazunobu, Kimura Fukunari, Mukunoki Hiroshi, Urata Shujiro
    • Journal Title

      The World Economy

      Volume: - Issue: 7 Pages: 3097-3119

    • DOI

      10.1111/twec.13557

    • Related Report
      2023 Annual Research Report
    • Peer Reviewed
  • [Journal Article] The impact of policy uncertainty on foreign direct investment: Micro‐evidence from Japan's international investment agreements2023

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

      Review of International Economics

      Volume: - Issue: 3 Pages: 1-14

    • DOI

      10.1111/roie.12710

    • Related Report
      2023 Annual Research Report
    • Peer Reviewed / Open Access
  • [Journal Article] Quantifying the costs of utilising regional trade agreements2023

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

      The World Economy

      Volume: 46 Issue: 12 Pages: 3542-3570

    • DOI

      10.1111/twec.13472

    • Related Report
      2023 Annual Research Report
    • Peer Reviewed / Open Access / Int'l Joint Research
  • [Journal Article] The Impact of Policy Uncertainty on Foreign Direct Investment in Services: Evidence from firm-level data and the role of regional trade agreements2023

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

      RIETI Discussion Paper Series

      Volume: 23-E-021

    • Related Report
      2022 Annual Research Report
    • Open Access
  • [Journal Article] Impacts of Increased Chinese Imports on Japan’s Labor Market: Firm and regional aspects2022

    • Author(s)
      Tadashi Ito, Kazunobu Hayakawa, and Shujiro Urata
    • Journal Title

      RIETI Discussion Paper Series

      Volume: 22-E-037

    • Related Report
      2022 Annual Research Report
    • Open Access
  • [Journal Article] China Shock on Japanese Firms: Firms' differential reactions to the increase in Chinese imports2022

    • Author(s)
      Tadashi Ito and Toshiyuki Matsuura
    • Journal Title

      RIETI Discussion Paper Series

      Volume: 22-E-036

    • Related Report
      2022 Annual Research Report
    • Open Access
  • [Journal Article] The Magnification Effect in Global Value Chains2022

    • Author(s)
      Kazunobu Hayakawa, Hiroshi Mukunoki
    • Journal Title

      Review of International Economics

      Volume: 31 Issue: 1 Pages: 141-157

    • DOI

      10.1111/roie.12614

    • Related Report
      2022 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Lerner Meets Metzler: Tariff Pass-Through of Worldwide Trade2022

    • Author(s)
      Hayakawa, K., Ito, T., and Mukunoki, H.
    • Journal Title

      Journal of the Japanese and International Economies

      Volume: 63 Pages: 101173-101173

    • DOI

      10.1016/j.jjie.2021.101173

    • NAID

      210000177880

    • Related Report
      2021 Annual Research Report
    • Peer Reviewed / 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 Pages: 1-32

    • Related Report
      2021 Annual Research Report
  • [Journal Article] Impacts of Increased Chinese Imports on Japan’s Labor Market2021

    • Author(s)
      Kazunobu Hayakawa, Tadashi Ito, Shujiro Urata
    • Journal Title

      Japan and the World Economy

      Volume: 59 Pages: 101087-101087

    • DOI

      10.1016/j.japwor.2021.101087

    • Related Report
      2021 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Impacts of COVID-19 on International Trade: Evidence from the First Shock2021

    • Author(s)
      Kazunobu Hayakawa, Hiroshi Mukunoki
    • Journal Title

      Journal of the Japanese and International Economies

      Volume: 0 Pages: 1-30

    • DOI

      10.1016/j.jjie.2021.101135

    • NAID

      210000165128

    • Related Report
      2020 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Impacts of COVID‐19 on Global Value Chains2021

    • Author(s)
      Kazunobu Hayakawa, Hiroshi Mukunoki
    • Journal Title

      The Developing Economies

      Volume: 0 Issue: 2 Pages: 1-30

    • DOI

      10.1162/asep_a_00804

    • Related Report
      2020 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Revisiting Complementarity between Japanese FDI and the Import of Intermediate Goods: Agglomeration Effects and Parent-firm Heterogeneity2020

    • Author(s)
      Ito Tadashi、Matsuura Toshiyuki、Yang Chih-Hai
    • Journal Title

      Asian Economic Papers

      Volume: 19 Issue: 3 Pages: 90-106

    • DOI

      10.1162/asep_a_00789

    • Related Report
      2020 Annual Research Report
    • Peer Reviewed / Int'l Joint Research
  • [Presentation] The Effects of Trump's Trade War with China on Japan's Trade2023

    • Author(s)
      伊藤 匡
    • Organizer
      南山大学国際経済学研究会
    • Related Report
      2023 Annual Research Report
    • Invited
  • [Presentation] The impact of technological decoupling between the United States and China2023

    • Author(s)
      神事直人
    • Organizer
      中京大学経済研究所セミナー
    • Related Report
      2023 Annual Research Report
    • Invited
  • [Presentation] Impacts of Increased Chinese Imports on Japan’s Labor Market: Firm and regional aspects2022

    • Author(s)
      伊藤 匡
    • Organizer
      日本国際経済学会 2022年度春季大会
    • Related Report
      2022 Annual Research Report
  • [Presentation] The effects of Trump's trade war on Japan's trade2022

    • Author(s)
      伊藤 匡
    • Organizer
      日本経済学会 2022年度春季大会
    • Related Report
      2022 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 war?2021

    • Author(s)
      伊藤 匡
    • Organizer
      Shanghai Academy of Social Sciences International Economics Workshop 2021
    • Related Report
      2021 Annual Research Report
    • Int'l Joint Research / Invited
  • [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
  • [Book] 自由貿易はなぜ必要なのか2020

    • Author(s)
      椋寛
    • Total Pages
      274
    • Publisher
      有斐閣
    • ISBN
      9784641165670
    • Related Report
      2020 Annual Research Report

URL: 

Published: 2020-04-28   Modified: 2025-01-30  

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