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The Causal Effects of Export Promotion: Natural Experiment and Structural Estimation Using SARS

Research Project

Project/Area Number 21K13308
Research Category

Grant-in-Aid for Early-Career Scientists

Allocation TypeMulti-year Fund
Review Section Basic Section 07040:Economic policy-related
Research InstitutionHokkaido University

Principal Investigator

Makioka Ryo  北海道大学, 経済学研究院, 准教授 (10836323)

Project Period (FY) 2021-04-01 – 2025-03-31
Project Status Completed (Fiscal Year 2024)
Budget Amount *help
¥3,380,000 (Direct Cost: ¥2,600,000、Indirect Cost: ¥780,000)
Fiscal Year 2023: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2022: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2021: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
Keywords輸出支援 / 展示会 / 直接投資 / 輸出規制 / 半導体 / 国際貿易 / SARS / 広州交易会 / 越境EC / EBPM / 日韓輸出規制 / 対日直接投資 / グローバルバリューチェーン / 因果効果分析
Outline of Research at the Start

企業の輸出障壁を克服することを目的とした輸出支援は、その遍在性と比較して、因果効果に関する分析、理論メカニズム及び輸出障壁の減少に関する定量的な分析が不足している。そこで本研究では、2003年春に中国広東省で集団発生した重症急性呼吸症候群(SARS)と、同感染症が企業の中国広州交易会への参加に与えた影響を自然実験として用いることで、輸出支援の因果効果を導出する。

Outline of Final Research Achievements

This study yielded four main outcomes. First, it employed the 2003 SARS outbreak as a natural experiment to estimate the causal impact of export promotion, leveraging the decline in overseas buyer attendance at the Canton Fair. Second, it analyzed the effect of online export support provided by the Japan External Trade Organization (JETRO), but found that the parallel trends assumption was not met, suggesting the need for improved identification. Third, it reviewed literature on inward foreign direct investment (FDI) promotion policies, summarizing their effectiveness and implications for Japan’s inward FDI strategy. Fourth, it examined the impact of Japan’s 2019 export control tightening on semiconductor-related chemicals to South Korea, revealing not only a decline in trade of the restricted items but also spillover effects on related industries, such as semiconductor manufacturing equipment and downstream products.

Academic Significance and Societal Importance of the Research Achievements

学術的意義:本研究は、輸出支援の因果効果を測定するための手法を精緻化した点において、学術的意義を有する。特に、自然実験や信頼性の高い識別戦略を用いて政策効果を実証的に検証したことは、今後、輸出支援政策の背後にある理論的メカニズムの検討やモデル構築に向けた基礎を提供するものである。
社会的意義:本研究は、多くの国が導入・実施している輸出支援策や対内直接投資支援策の効果を検証したほか、近年頻発している国家・経済安全保障上の理由による輸出規制の影響について、直接的・間接的な効果を明らかにした。これにより、政策立案や見直しに資する実証的知見を提供した点で、社会的にも高い意義を有する。

Report

(5 results)
  • 2024 Annual Research Report   Final Research Report ( PDF )
  • 2023 Research-status Report
  • 2022 Research-status Report
  • 2021 Research-status Report
  • Research Products

    (26 results)

All 2025 2024 2023 2022 2021 Other

All Int'l Joint Research (7 results) Journal Article (2 results) (of which Peer Reviewed: 1 results,  Open Access: 1 results) Presentation (14 results) (of which Int'l Joint Research: 7 results,  Invited: 2 results) Remarks (3 results)

  • [Int'l Joint Research] Vanderbilt University/Federal Reserve Board of Governors(米国)

    • Related Report
      2024 Annual Research Report
  • [Int'l Joint Research] 清華大学(中国)

    • Related Report
      2024 Annual Research Report
  • [Int'l Joint Research] Brock University(カナダ)

    • Related Report
      2024 Annual Research Report
  • [Int'l Joint Research] ブロック大学(カナダ)

    • Related Report
      2022 Research-status Report
  • [Int'l Joint Research] 清華大学(中国)

    • Related Report
      2022 Research-status Report
  • [Int'l Joint Research] ブロック大学(カナダ)

    • Related Report
      2021 Research-status Report
  • [Int'l Joint Research] 清華大学(中国)

    • Related Report
      2021 Research-status Report
  • [Journal Article] Multinational Firm Innovation and Affiliate Sourcing Decisions2025

    • Author(s)
      Eric Bond, Yang Ma, Ryo Makioka, Trang Hoang
    • Journal Title

      RIETI Discussion Paper Series

      Volume: 25-E-007 Pages: 1-23

    • Related Report
      2024 Annual Research Report
    • Open Access
  • [Journal Article] The impact of export controls on international trade: Evidence from the Japan?Korea trade dispute in semiconductor industry2024

    • Author(s)
      Makioka Ryo、Zhang Hongyong
    • Journal Title

      Journal of the Japanese and International Economies

      Volume: 74 Pages: 101336-101336

    • DOI

      10.1016/j.jjie.2024.101336

    • Related Report
      2024 Annual Research Report
    • Peer Reviewed
  • [Presentation] The Impact of Export Control on International Trade: Evidence from the Japan-Korea Trade Dispute in Semiconductor Industry2024

    • Author(s)
      Ryo Makioka
    • Organizer
      Midwest Trade Conference in Spring 2024
    • Related Report
      2024 Annual Research Report
    • Int'l Joint Research
  • [Presentation] The Values of Export Promotion: A Case of Canton Fair during the SARS Epidemic2024

    • Author(s)
      Ryo Makioka
    • Organizer
      Midwest Trade Conference in Fall 2024
    • Related Report
      2024 Annual Research Report
    • Int'l Joint Research
  • [Presentation] The Values of Export Promotion: A Case of Canton Fair during the SARS Epidemic2024

    • Author(s)
      Ryo Makioka
    • Organizer
      Trade workshop on “Recent Advances in Trade Theory and Empirics” in Drexel University
    • Related Report
      2024 Annual Research Report
    • Int'l Joint Research / Invited
  • [Presentation] The Values of Export Promotion: A Case of Canton Fair during the SARS Epidemic2023

    • Author(s)
      牧岡亮
    • Organizer
      Penn State University Alumni Conference
    • Related Report
      2023 Research-status Report
    • Int'l Joint Research
  • [Presentation] The Impact of Export Control on International Trade: Evidence from the Japan-Korea Trade Dispute in Semiconductor Industry2023

    • Author(s)
      牧岡亮
    • Organizer
      Trade and Global Value Chains in Times of Insecurity
    • Related Report
      2023 Research-status Report
    • Int'l Joint Research / Invited
  • [Presentation] The Impact of Export Control on International Trade: Evidence from the Japan-Korea Trade Dispute in Semiconductor Industry2023

    • Author(s)
      牧岡亮
    • Organizer
      IEFS Japan Annual Meeting 2023 In Memory Of Prof. Fumio Dei
    • Related Report
      2023 Research-status Report
  • [Presentation] The Values of Export Promotion: A Case of Canton Fair during the SARS Epidemic2023

    • Author(s)
      牧岡亮
    • Organizer
      Workshop on International Trade, FDI, and Innovation
    • Related Report
      2023 Research-status Report
  • [Presentation] The Values of Export Promotion: A Case of Canton Fair during the SARS Epidemic2022

    • Author(s)
      牧岡亮
    • Organizer
      Econometric Society China Meeting 2022
    • Related Report
      2022 Research-status Report
    • Int'l Joint Research
  • [Presentation] The Values of Export Promotion: A Case of Canton Fair during the SARS Epidemic2022

    • Author(s)
      牧岡亮
    • Organizer
      Asian Pacific Trade Seminar
    • Related Report
      2022 Research-status Report
    • Int'l Joint Research
  • [Presentation] The Values of Export Promotion: A Case of Canton Fair during the SARS Epidemic2022

    • Author(s)
      牧岡亮
    • Organizer
      小樽商科大学土曜研究会
    • Related Report
      2022 Research-status Report
  • [Presentation] The Values of Export Promotion: A Case of Canton Fair during the SARS Epidemic2022

    • Author(s)
      牧岡亮
    • Organizer
      Yonsei-Hokkaido Joint Seminar
    • Related Report
      2022 Research-status Report
  • [Presentation] The Values of Export Promotion: A Case of Canton Fair during the SARS Epidemic2022

    • Author(s)
      牧岡亮
    • Organizer
      中京大学
    • Related Report
      2021 Research-status Report
  • [Presentation] The Values of Export Promotion: A Case of Canton Fair during the SARS Epidemic2022

    • Author(s)
      牧岡亮
    • Organizer
      日本国際経済学会関東支部会
    • Related Report
      2021 Research-status Report
  • [Presentation] The Values of Export Promotion: A Case of Canton Fair during the SARS Epidemic2021

    • Author(s)
      牧岡亮
    • Organizer
      Keio-Kyoto Joint International Trade (KKIT) Webinar
    • Related Report
      2021 Research-status Report
  • [Remarks] 「持続的成長と対内直接投資」(第10章『成熟社会の発展論 日本経済再浮揚戦略』内)

    • Related Report
      2023 Research-status Report
  • [Remarks] 越境EC支援の効果分析

    • URL

      https://www.rieti.go.jp/jp/publications/nts/23j012.html

    • Related Report
      2022 Research-status Report
  • [Remarks] The Impact of Export Controls

    • URL

      https://www.rieti.go.jp/jp/publications/summary/23030011.html

    • Related Report
      2022 Research-status Report

URL: 

Published: 2021-04-28   Modified: 2026-01-16  

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