Uncertainty, FDI and firm adjustment
Project/Area Number |
21K13295
|
Research Category |
Grant-in-Aid for Early-Career Scientists
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Allocation Type | Multi-year Fund |
Review Section |
Basic Section 07040:Economic policy-related
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Research Institution | Hosei University |
Principal Investigator |
倪 彬 法政大学, 経済学部, 准教授 (60779677)
|
Project Period (FY) |
2021-04-01 – 2026-03-31
|
Project Status |
Granted (Fiscal Year 2022)
|
Budget Amount *help |
¥4,420,000 (Direct Cost: ¥3,400,000、Indirect Cost: ¥1,020,000)
Fiscal Year 2025: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2024: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2023: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2022: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2021: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
|
Keywords | uncertainty / FDI / MNEs / firm-level data |
Outline of Research at the Start |
This research analyzes how macroeconomic uncertainty in the destination market affects foreign direct investment (FDI hereafter), and explores the possible mechanism of multinational enterprises’ (MNEs hereafter) adjustment. First, I will testify whether Japanese parent firms choose to stay or retreat from the invested foreign markets (extensive margin), when faced with uncertainty. Second, I will investigate how uncertainties cause Japanese MNEs to make subsequent adjustment (intensive margin), through the possible channels such as intra-firm trade, sourcing pattern or labor reallocation.
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Outline of Annual Research Achievements |
The current research mainly analyzes how macroeconomic uncertainty in the destination market affects foreign direct investment (FDI hereafter), and explores the possible mechanism of multinational enterprises' (MNEs hereafter) adjustment. In the past calender year, I spent most of the time on data cleaning and matching of both parent- and affiliate- firm level data.In the meantime, I also digged into the existing literature and made an attempt to narrow down the research questions, I came up with several research topics, ranging from the policy change of minimum wage in China to repatriation tax change in Japan.I attended several workshops to further exchange the ideas with the other colleagues.
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Current Status of Research Progress |
Current Status of Research Progress
2: Research has progressed on the whole more than it was originally planned.
Reason
I have started the data cleaning and preparation, as planned. Several workshops were also arranged to discuss the research topic and feasibility in more details.
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Strategy for Future Research Activity |
I will continue to conduct the analysis based on the research plan. With the relaxation of covid restrictions, I plan to go on more business trips and present the research topics to receive more feedback.
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Report
(2 results)
Research Products
(10 results)