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in industries where inward FDI was encouraged, Japan MNC's affiliates in China experienced increases in their employment … model's firm-level predictions by using confidential microdata from Japan. We study the response of Japanese MNC parents and … of their affiliates in China to an exogenous change in China's openness to foreign direct investment (FDI). We find that …
Persistent link: https://www.econbiz.de/10013388850
Within Japanese multinational firms, parent exports from Japan to a foreign region are positively related to production … in that region by affiliates of that parent, given the parent's home production in Japan and the region's size and income …
Persistent link: https://www.econbiz.de/10012471148
Moreover, we find that there is no positive impact on target firms' profitability in the case of both within-group in-in acquisitions and in-in acquisitions by domestic outsiders. In fact, in the manufacturing sector, the return on assets even deteriorated one year and two years after...
Persistent link: https://www.econbiz.de/10012466243
We investigate whether productivity differences explain why some manufacturers sell only to the domestic market while others serve foreign markets through exports and/or FDI. When overseas production offers no cost advantages, our model predicts that investors should be more productive than...
Persistent link: https://www.econbiz.de/10012468642
Internationalized production, that is, production by multinational firms outside their home countries has increased over the last two decades, but it was still, in 1990, only about 7 percent of world output. The share was higher, at 15 percent in 'industry,' including manufacturing, trade,...
Persistent link: https://www.econbiz.de/10012473482
nearly 600 billion dollars, while China's official net creditor position to the rest of the world is overstated by about 50 …
Persistent link: https://www.econbiz.de/10012482036
Each of the world's largest retailers---Walmart, Carrefour, Tesco, and Metro---entered China after 1995. Their … subsequent expansion in China may have influenced Chinese exports through two channels. First, they may have enhanced bilateral …
Persistent link: https://www.econbiz.de/10012462369
Using a unique firm-level dataset from China's "Silicon Valley," we investigate how multinational enterprises (MNEs …
Persistent link: https://www.econbiz.de/10012465021
sectoral pattern of multinational activity. Using detailed customs data from China, we show that foreign affiliates and joint …
Persistent link: https://www.econbiz.de/10012461752
This paper provides a general and unified framework to study the role of production networks in international GDP comovement. We first derive an additive decomposition of bilateral GDP comovement into components capturing shock transmission and shock correlation. We quantify this decomposition...
Persistent link: https://www.econbiz.de/10012479927