| Project/Area Number |
21K13294
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| Research Category |
Grant-in-Aid for Early-Career Scientists
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| Allocation Type | Multi-year Fund |
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| Review Section |
Basic Section 07040:Economic policy-related
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| Research Institution | Chuo University |
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Principal Investigator |
章 沙娟 中央大学, 経済学部, 助教 (20783236)
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| Project Period (FY) |
2021-04-01 – 2024-03-31
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| Project Status |
Granted (Fiscal Year 2022)
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| Budget Amount *help |
¥4,420,000 (Direct Cost: ¥3,400,000、Indirect Cost: ¥1,020,000)
Fiscal Year 2023: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2022: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2021: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
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| Keywords | empirical analysis / causal effect / dataset construction / exchange rate elasticity / exports / firms / distortions |
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| Outline of Research at the Start |
Government officials in many developing countries are concerned about the consequences of a currency appreciation on exports. The proposed project aims to revisit the causal effect of exchange rate changes on exports and will further explore whether distortions may alter the impact of trade elasticity of exchange rate. The project will provide insightful policy implications for explaining the interaction between exchange rate and distortions. It will improve our understanding of how to effectively implement exchange rate policy in developing countries.
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| Outline of Annual Research Achievements |
In this year, I mainly conducted an empirical analysis by using the panel dataset constructed in the previous. To identify the causal effect of exchange rate changes on firm exports, the main identification strategy used in the research is difference in difference.
In this year, I also invited Professor Xiaodong Zhu from the University of Hong Kong to have a seminar in Chuo university, and he presented his paper titled "Finance, Managerial Inputs, and Misallocation" which was closely related to my research topic. During Professor Zhu's stay in Japan, we had several research meetings to discuss the construction of models, important variables, and empirical methodologies. I received valuable insights from him, which greatly contributed to the improvement of my research.
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| Current Status of Research Progress |
Current Status of Research Progress
3: Progress in research has been slightly delayed.
Reason
The empirical analysis took longer than planned due to data reprocessing and reconsideration of variable construction.
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| Strategy for Future Research Activity |
I plan to finishthe empirical analysis. A working paper draft will be completed and the results will be reported in the academic conferences and workshops in Japan and overseas.
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