Diverse Risk Assessment in the Global Economy from the Viewpoint of International Trade

2014 Fiscal Year Final Research Report

• Project/Area Number: 22243023
• Research Category: Grant-in-Aid for Scientific Research (A)
• Allocation Type: Single-year Grants
• Section: 一般
• Research Field: Applied economics
• Research Institution: Hitotsubashi University
• Principal Investigator: ISHIKAWA Jota 一橋大学, 大学院経済学研究科, 教授 (80240761)
• Co-Investigator(Kenkyū-buntansha): ABE Kenzo 大阪大学, 大学院経済学研究科, 教授 (00175902) ; KIMURA Fukunari 慶應義塾大学, 経済学部, 教授 (90265918) ; KIYOTA Kozo 慶應義塾大学, 産業研究所, 教授 (10306863) ; FURUSAWA Taiji 一橋大学, 大学院経済学研究科, 教授 (80272095) ; ZHAO Laixun 神戸大学, 経済経営研究所, 教授 (70261394)
• Co-Investigator(Renkei-kenkyūsha): OKUBO Toshihiro 慶應義塾大学, 経済学部, 准教授 (80510255) ; HAYAKAWA Kazunobu 独立行政法人日本貿易振興機構アジア経済研究所, 研究員 (40458948) ; YANAGAWA Noriyuki 東京大学, 大学院経済学研究科, 教授 (80255588)
• Research Collaborator: BALDWIN Richard Graduate Institute of International and Development Studies, 教授
• Project Period (FY): 2010-04-01 – 2015-03-31
• Keywords: グローバリゼーション / 国際貿易 / 直接投資 / リスク

Outline of Final Research Achievements

（1）If capital markets are liberalized with imperfect financial markets, industrial structures may drastically change. Capital flow from South to North may result in capital shortage in South and decrease the average productivity in North.（2）When policy measures to deal with global warming are considered, it is inevitable to take international carbon leakages into account. Those measures may improve economic efficiency but may not improve economic welfare.（3）By investigating how international value chains are affected by global economic shocks such as bankruptcy of Lehman Brothers, it is shown that international value chains are quite robust and stable compared with other types of international transactions.

Free Research Field

国際経済学