1998 Fiscal Year Final Research Report Summary
Direct Investment Abroad and the "Hollowing Out" of R&D Activities
| Project/Area Number |
09630005
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
経済理論
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| Research Institution | Hitotsubashi University |
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Principal Investigator |
FUKAO Kyoji Hitotsubashi University, The Institute of Economic Research, Professor, 経済研究所, 教授 (30173305)
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| Project Period (FY) |
1997 – 1998
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| Keywords | Foreign Direct Investment / R&D / Hollowing Out |
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| Research Abstract |
1. Using micro-data of Japanese firms, I investigated how R & D activities by Japan's affiliates abroad affect R & D activities by their parents. It is found that home and foreign R & D activities are complements.
2. Using cross section data of Japan's manufacturing industry in three digit level, I empirically tested whether industries which increased employment abroad have reduced their net export and diminished their production within Japan from 1985 to 1995. I found that Japan's direct investment which is directed to Asian countries and planned to take advantage of lower production cost in host countries or to jump trade barriers has a significant negative effect on manufacturing activities in Japan.
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