| Project/Area Number |
22K01455
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Review Section |
Basic Section 07040:Economic policy-related
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| Research Institution | Yokohama National University |
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Principal Investigator |
C・R Parsons 横浜国立大学, 大学院国際社会科学研究院, 教授 (10334616)
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| Project Period (FY) |
2022-04-01 – 2025-03-31
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| Project Status |
Granted (Fiscal Year 2023)
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| Budget Amount *help |
¥2,210,000 (Direct Cost: ¥1,700,000、Indirect Cost: ¥510,000)
Fiscal Year 2024: ¥390,000 (Direct Cost: ¥300,000、Indirect Cost: ¥90,000)
Fiscal Year 2023: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2022: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
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| Keywords | FDI / GVC / industry / backward linkages / forward linkages / GVCs / Global-value chains |
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| Outline of Research at the Start |
Econometric estimations of the effect of GVC participation on inward FDI will be made. Preliminary results will be presented at international conferences abroad as well at seminars and conferences held in Japan. After receiving feedback at conferences, we will improve our methodology (e.g. controlling for endogeneity.) After sectoral difference are investigated, we will more closely investigate the differences across regions, in particular, in East Asia, North America, and Europe. The final project should result in two or three papers published in international journals.
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| Outline of Annual Research Achievements |
After presenting our preliminary results several times at international and domestic conferences and seminars, we have refined our analysis based on the valuable feedback from the participants and discussants. Our final results suggest a very strong effect of greater GVC participation on drawing in more inward FDI across the world. However, these results are most strong for North America, EU and East Asia and the Pacific. Some differences are also seen across different sectors (industries). This is true for both Forward and Backward measures of GVCs. We are now in the processing of revising the paper. We hope to submit it to an internationally refereed journal next month.
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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
We have successfully answered the research question that we set out to answer. We confirmed a positive the effect (for most industries) of greater GVC participation on FDI inflows evaluated at the sectoral level for a global set of countries using the recent Borin & Mancini method of GVC measurement and the detailed FDI data from the Financial Times database. We will submit the first paper to a journal next month. Our findings will also spur future work in this area.
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| Strategy for Future Research Activity |
After we submit our current draft of the paper, we will continue to present it at workshops and seminars before the final revisions and acceptance (currently, we are considering submitting to J. of Econ. Studies).Future related research: In the course of studying this topic, we also re-affirmed that FDI flows are naturally effected by huge global shocks and other uncertainties such as the Global Financial Crisis in 2008 and also during Covid-19 pandemic. We will continue to explore the size and impact of uncertainty on FDI flows using the same global FDI database used here, but coupled with other measures of global (and perhaps local) uncertainty to better answer this new, but related question.
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