2018 Fiscal Year Final Research Report
Re-evaluation of the economic open-door strategy in the emerging economies: An econometric analysis of the role of export sophistication and foreign direct investment
| Project/Area Number |
16K13361
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| Research Category |
Grant-in-Aid for Challenging Exploratory Research
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| Allocation Type | Multi-year Fund |
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| Research Field |
Economic policy
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| Research Institution | Osaka University |
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Principal Investigator |
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| Co-Investigator(Kenkyū-buntansha) |
新開 潤一 近畿大学, 経営学部, 講師 (10571648)
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| Project Period (FY) |
2016-04-01 – 2019-03-31
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| Keywords | 経済政策 |
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| Outline of Final Research Achievements |
This research project attempted to investigate the effect of the open-economy strategies on the productivity of local firms and sophistication (high value-added transformation) of industrial structure in East Asian emerging economies. In particular, it empirically demonstrated by the up-to-date econometric methods that export-led growth policy (ELG) and foreign direct investment (FDI) promoted advanced technology, and that this industrial sophistication promoted economic growth in this region. Also, it provided an empirical explanation for medium income trap. These series of studies have been published in books and academic journals.
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| Free Research Field |
国際経済学、開発経済学、応用計量経済学
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| Academic Significance and Societal Importance of the Research Achievements |
市場開放度が高い国ほど高成長になるというELGを支持する研究は多く、また輸出主導の国のうちでも早期に輸出産業高度化を果たした国は高い経済成長率を示している。これらの国々ではFDIの流入も進み、それも輸出高度化や高成長に貢献したと考えられる。しかし、これらを一つのシステムとして解明した研究はなく、本研究は因果関係も含め予断を排除し、データを通じてメカニズムが浮き彫りになるように分析手法を工夫した点で学術的意義が大きい。同時に、経済成長のメカニズムを体系的に明らかにすることで、それぞれの国に最適な経済開放戦略を策定できるようになる点で、社会的意義も大きい。
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