2015 Fiscal Year Final Research Report
The Dynamics of Exchange Rates and Deindustrialization
| Project/Area Number |
24530297
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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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| Research Field |
Economic policy
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| Research Institution | Shizuoka University |
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Principal Investigator |
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| Project Period (FY) |
2012-04-01 – 2016-03-31
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| Keywords | 産業空洞化 / 対外直接投資 / 国内回帰 / システムダイナミックス |
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| Outline of Final Research Achievements |
Under the super yen appreciation since 2011, Japanese manufacturers accelerated overseas production to avoid exchange loss in exports. This tendency stirred concerns about the deindustrialization phenomenon which was referred as‘hollowing-out of industry’. However, yen depreciation in late 2014 turned the situation around. The weak yen is prompting some Japanese firms to bring overseas production back home, raising expectations the‘reshoring’trend may slow down the ongoing industrial hollowing out of Japan. This research investigates how foreign direct investments under fluctuations in exchange affect domestic employment and economic growth using simulation analysis.
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| Free Research Field |
理論経済学
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