Internationalization of Japanese Firms: Evidence from Firm-level Data PDF
Preview Internationalization of Japanese Firms: Evidence from Firm-level Data
Ryuhei Wakasugi Editor Internationalization of Japanese Firms Evidence from Firm-level Data Internationalization of Japanese Firms Ryuhei Wakasugi Editor Internationalization of Japanese Firms Evidence from Firm-level Data 123 Editor RyuheiWakasugi DepartmentofEconomics GakushuinUniversity Tokyo,Japan GENDAINIHONKIGYONOKOKUSAIKA:Panerudetabunseki editedbyRyuheiWakasugi © 2011byRyuheiWakasugi Firstpublished2011byIwanamiShoten,Publishers,Tokyo ThisEnglisheditionpublished2014bySpringerJapan,Tokyobyarrangement withtheproprietorc/oIwanamiShoten,Publishers,Tokyo ISBN978-4-431-54531-6 ISBN978-4-431-54532-3(eBook) DOI10.1007/978-4-431-54532-3 SpringerTokyoHeidelbergNewYorkDordrechtLondon LibraryofCongressControlNumber:2014930333 ©RyuheiWakasugi2014 Thisworkissubjecttocopyright.AllrightsarereservedbythePublisher,whetherthewholeorpartof thematerialisconcerned,specificallytherightsoftranslation,reprinting,reuseofillustrations,recitation, broadcasting,reproductiononmicrofilmsorinanyotherphysicalway,andtransmissionorinformation storageandretrieval,electronicadaptation,computersoftware,orbysimilarordissimilarmethodology nowknownorhereafterdeveloped.Exemptedfromthislegalreservationarebriefexcerptsinconnection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’slocation,initscurrentversion,andpermissionforusemustalwaysbeobtainedfromSpringer. PermissionsforusemaybeobtainedthroughRightsLinkattheCopyrightClearanceCenter.Violations areliabletoprosecutionundertherespectiveCopyrightLaw. Theuseofgeneraldescriptivenames,registerednames,trademarks,servicemarks,etc.inthispublication doesnotimply,evenintheabsenceofaspecificstatement,thatsuchnamesareexemptfromtherelevant protectivelawsandregulationsandthereforefreeforgeneraluse. While the advice and information in this book are believed to be true and accurate at the date of publication,neithertheauthorsnortheeditorsnorthepublishercanacceptanylegalresponsibilityfor anyerrorsoromissionsthatmaybemade.Thepublishermakesnowarranty,expressorimplied,with respecttothematerialcontainedherein. Printedonacid-freepaper SpringerispartofSpringerScience+BusinessMedia(www.springer.com) Acknowledgments ThisbookcollectsstudiesontheinternationalizationofJapanesefirms,writtenby economists who are members of the research project supported by the Research InstituteofEconomy,TradeandIndustry(RIETI)andtheGrant-inAidforScientific ResearchofJapanSocietyforthePromotionofScience(JSPS).Iwouldliketothank RIETI, JSPS, Kyoto University, Yokohama National University, and Gakushuin Universityforsupportinpreparingthisbook.Iwouldliketoacknowledgevaluable commentsandsuggestionsonourresearchfromRichardBaldwin,LeeBranstetter, Masahisa Fujita, Ronald Jones, Kazuo Nishimura, Shuichiro Nishioka, Eiichi Tomiura, and Makoto Yano. I would like to thank the statistics bureaus of the Japanese Ministry of Economy, Trade and Industry and the Ministry of Internal Affairs and Telecommunications for their official permission to use the firm- level data of government statistics. I also would like to thank Juno Kawakami, MisaoTaguchi,andHiroshiTakahashifortheirsupportinproducingthisbook.Of course, this volume would not have been possible withoutthe participationof the contributingauthorswhoseworkappearsonthefollowingpages. KyotoandKamakura,Japan RyuheiWakasugi December12,2013 v Contents IntroductionandOverview ..................................................... 1 RyuheiWakasugi FeaturesofJapaneseInternationalizedFirms:FindingsBased onFirm-LevelData.............................................................. 15 RyuheiWakasugi,BanriIto,ToshiyukiMatsuura,HitoshiSato, AyumuTanaka,andYasuyukiTodo Heterogeneity and the Structure of Export and FDI: ACross-IndustryAnalysisofJapaneseManufacturing..................... 47 AyumuTanaka TheRoleofNon-productivityFactors intheInternationalizationofFirms............................................ 73 YasuyukiTodo EntryintoForeignMarketsThroughForeignDirectInvestment.......... 95 ToshiyukiMatsuuraandHitoshiSato ProductivityandModesofInternationalization:Evidence fromJapaneseFirms............................................................. 119 RyuheiWakasugiandAyumuTanaka ForeignDirectInvestmentwithMatchingFrictions ......................... 135 HitoshiSato Intra-FirmTrade and ContractCompleteness: Evidence fromJapaneseForeign-AffiliatedFirms....................................... 151 ToshiyukiMatsuuraandBanriIto Index............................................................................... 171 vii Contributors Editor RyuheiWakasugi isprofessoremeritus,KyotoUniversityandYokohamaNational University, and professor of Economics at Gakushuin University. He serves as adjunct professor at the Institute of Economic Research, Kyoto University, the Center for Economic Growth Strategy, Yokohama National University, and the University of International Business and Economics in China. Wakasugi is also program director, senior research advisor, and faculty fellow at the Research InstituteofEconomyTradeandIndustry(RIETI).Hisresearchincludespaperson internationaltrade,foreigndirectinvestment,offshoring,innovationandR&D. Authors Banri Ito is associate professor of Economics, Senshu University and research fellow(adjunct)attheResearchInstituteofEconomy,TradeandIndustry(RIETI). Toshiyuki Matsuura is assistant professor at Keio Economic Observatory, Keio University. Hitoshi Sato is senior research fellow at Institute of Developing Economies (IDE)andadjunctprofessoratGraduateSchoolforInternationalDevelopmentand Cooperation,HiroshimaUniversity. Ayumu Tanaka is lecturer at Setsunan University and research associate at ResearchInstituteofEconomy,TradeandIndustry(RIETI). YasuyukiTodo isprofessoratGraduateSchoolofFrontierSciences,theUniver- sity of Tokyo and faculty fellow at the Research Institute of Economy,Trade and Industry(RIETI). ix
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