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Fukao, Kyōji

Overview
Works: 104 works in 206 publications in 2 languages and 1,107 library holdings
Roles: Author
Classifications: HG5772, 332.6730952
Publication Timeline
Key
Publications about Kyōji Fukao
Publications by Kyōji Fukao
Most widely held works by Kyōji Fukao
Foreign direct investment in Japan : multinationals' role in growth and globalization by Ralph Paprzycki( Book )
14 editions published between 2008 and 2012 in English and held by 322 libraries worldwide
Foreign Direct Investment in Japan presents a detailed examination of recent trends of inward foreign direct investment (FDI) and their impact on the Japanese economy. Historically much less open to foreign trade and investment than other major economies, Japan experienced an unprecedented jump in FDI inflows around the turn of the millennium. This book looks at the profound changes in Japan that made this jump possible and considers foreign firms' potential contribution to productivity and overall economic growth. Detailed case studies illustrate that in certain sectors the presence of foreign firms already is a key factor shaping industry dynamics. Yet, despite recent changes, resistance to inward FDI remains strong and the government could do much more if it were committed to attracting FDI. Overall, Japan continues to appear reluctant to embrace fully, and therefore seems unlikely to benefit even more substantially from, globalization
Trade sensitivity to exchange rates in the context of intra-industry trade by Yoko Oguro( file )
6 editions published in 2008 in English and held by 225 libraries worldwide
This paper theoretically and empirically investigates export sensitivity to exchange rates in the context of intra-industry trade (IIT). It is assumed that more IIT implies a smaller elasticity of substitution among differentiated products and vice versa. The model presented suggests the gap in production costs between two countries has an influence on IIT as well. Industry-level pane regressions of thirty-eight trading pairs provide strong empirical support for the idea that the exchange rate sensitivity of exports declines in concert with the extent of ITT. An obvious policy implication is t
Physical and human capital deepening and new trade patterns in Japan by Keiko Itō( Book )
10 editions published in 2004 in English and held by 71 libraries worldwide
"This paper investigates the deepening of the international division of labor and its effect on factor intensities in Japan, mainly focusing on the manufacturing sector. In the first half of the paper, we analyze the factor contents of trade and find that Japan's factor content net-exports of capital and non-production labor grew rapidly while net-exports of production workers fell by a large amount during the period from 1980-2000. Interestingly, the decline in the factor content of net-exports of production workers was almost entirely caused by Japan's trade with China and Hong Kong. According to our decomposition analysis, however, most of the macro-economic change in the capital-labor ratio and the change in the skilled-labor ratio is attributable to a within-industry'shift rather than a between-industry' shift. Although we clearly see a drastic increase in VIIT and outsourcing to foreign countries, particularly to Asian countries, our empirical analysis provides only weak evidence that the deepening international division of labor contributes to changes in factor intensities in each industry. Our results suggest that specialization in the export of skilled-labor-intensive products may have contributed to the increase in the relative demand for skilled (professional, technical, managerial, and administrative) labor within industry. However, our results suggest that changes in trade patterns (specialization in capital-intensive production) cannot explain the rapid growth of capital-labor ratios in Japan"--National Bureau of Economic Research web site
International trade and investment under different rates of time preference by Kyōji Fukao( Book )
9 editions published between 1990 and 1994 in English and held by 59 libraries worldwide
This paper attempts to integrate the theory of trade with that of capital movements, and to study the two country world where each nation has a different rate of time preference. It resolves the indeterminacy problem intrinsic in the Heckscher-Ohlin model where trade and factor movements coexist by assuming that capital movements are infinitesimally more costly than trade in goods. Under certain assumptions, one can dichotomize the behavior of asset accumulation from the dynamic pattern of trade specialization. Complete specialization will take place most; likely in the country with a higher rate of time preference, which specializes into the more labor intensive sector. It is shown that a single-commodity model does exaggerate the amount of capital movements, but that the qualitative nature of asset accumulation patterns obtained in a single-commodity model of capital movements holds intact in the model that incorporates trade. This paper offers another explanation to the Feldstein-Horioka paradox that domestic investment responds more closely to increasing savings than capital outflows do. If an economy is imperfectly specialized, increased savings will be absorbed in capital deepening rather than in capital outflow
Cross-border acquisitions and target firms' performance evidence from Japanese firm-level data by Kyōji Fukao( file )
9 editions published in 2006 in English and held by 50 libraries worldwide
"Using Japanese firm-level data for the period from 1994-2002, this paper examines whether a firm is chosen as an acquisition target based on its productivity level, profitability and other characteristics and whether the performance of Japanese firms that were acquired by foreign firms improves after the acquisition. In our previous study for the Japanese manufacturing sector, we found that M & As by foreigners brought a larger and quicker improvement in total factor productivity (TFP) and profit rates than M & As by domestic firms. However, it may argued that firms acquired by foreign firms showed better performance simply because foreign investors acquired more promising Japanese firms than Japanese investors did. In order to address this potential problem of selection bias problem, in this study we combine a difference-in-differences approach with propensity score matching. The basic idea of matching is that we look for firms that were not acquired by foreign firms but had similar characteristics to firms that were acquired by foreigners. Using these firms as control subjects and comparing the acquired firms and the control subjects, we examine whether firms acquired by foreigners show a greater improvement in performance than firms not acquired by foreigners. Both results from unmatched samples and matched samples show that foreign acquisitions improved target firms' productivity and profitability significantly more and quicker than acquisitions by domestic firms. 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 within-group in-in acquisition, while the TFP growth rate was higher after within-group in-in acquisitions than after in-in acquisitions by outsiders. Our results imply that in the case of within-group in-in acquisitions, parent firms may be trying to quickly restructure acquired firms even at the cost of deteriorating profitability"--National Bureau of Economic Research web site
The Fisherian time preference and the evolution of capital ownership patterns in a global economy by Kyōji Fukao( Book )
5 editions published in 1989 in English and held by 50 libraries worldwide
Abstract: people are more patient at the middle income levels and are less patient
Currency risk exposure of Japanese firms with overseas production bases : theory and evidence by Naohiko Baba( Book )
5 editions published in 2000 in English and held by 27 libraries worldwide
Tainichi chokusetsu tōshi to Nihon keizai by Kyōji Fukao( Book )
4 editions published in 2004 in Japanese and held by 24 libraries worldwide
Outsourcing in East Asia and its impact on the Japanese and Korean Labour Markets by Sanghoon Ahn( Computer File )
1 edition published in 2008 in English and held by 21 libraries worldwide
This study describes the changing patterns of intermediate goods trade and foreign direct investment (FDI) in East Asia and investigates the impacts of international outsourcing on the Japanese and the Korean labour markets. The main findings of the paper are as follows. First, intra-regional trade in East Asia grew remarkably during the period 1990-2003. While overall trade with the rest of the world roughly doubled in this period, intra-regional trade in East Asia more than tripled. Second, the main factor behind increased intra-regional trade in East Asia was the trade in intermediate goods through outsourcing and the international fragmentation of production. Third, reflecting the fact that outsourcing to Asia (particularly to China) has a negative impact on the demand for workers with lower education and a positive impact on the demand for workers with higher education, relative wage shares of workers by educational attainment have changed substantially both in Japan and Korea. Fourth, our empirical analysis provides evidence of labour demand shift towards skilled labour in Japanese manufacturing as a result of outsourcing. For Korea, although the overall effects of outsourcing have been insignificant in Korea partly because a substantial part of Korean outsourcing remained directed towards Japan, our results imply that labour demand would shift away from less-skilled workers towards more-skilled workers if outsourcing to China increased and outsourcing to Japan decreased in the future
Expansion abroad and jobs at home : evidence from Japanese multinational enterprises by Nobuaki Yamashita( Book )
3 editions published in 2009 in English and held by 21 libraries worldwide
"Ushinawareta 20-nen" to Nihon keizai : kōzōteki gen'in to saisei e no gendōryoku no kaimei by Kyōji Fukao( Book )
3 editions published in 2012 in Japanese and held by 19 libraries worldwide
Seisansei to Nihon no keizai seichō : JIP dētabēsu ni yoru sangyō, kigyō reberu no jisshō bunseki ( Book )
3 editions published in 2008 in Japanese and held by 17 libraries worldwide
Makuro keizai to sangyō kōzō ( Book )
5 editions published in 2009 in Japanese and held by 14 libraries worldwide
Nihon kigyō no Higashi Ajia senryaku : Bei-Ō Ajia kigyō to no kokusai hikaku ( Book )
4 editions published in 2008 in Japanese and held by 13 libraries worldwide
Outsourcing in East Asia and its impact on the Japanese and Korean Labour Markets by Sanghoon Ahn( Article )
1 edition published in 2008 in English and held by 10 libraries worldwide
This study describes the changing patterns of intermediate goods trade and foreign direct investment (FDI) in East Asia and investigates the impacts of international outsourcing on the Japanese and the Korean labour markets. The main findings of the paper are as follows. First, intra-regional trade in East Asia grew remarkably during the period 1990-2003. While overall trade with the rest of the world roughly doubled in this period, intra-regional trade in East Asia more than tripled. Second, the main factor behind increased intra-regional trade in East Asia was the trade in intermediate goods through outsourcing and the international fragmentation of production. Third, reflecting the fact that outsourcing to Asia (particularly to China) has a negative impact on the demand for workers with lower education and a positive impact on the demand for workers with higher education, relative wage shares of workers by educational attainment have changed substantially both in Japan and Korea. Fourth, our empirical analysis provides evidence of labour demand shift towards skilled labour in Japanese manufacturing as a result of outsourcing. For Korea, although the overall effects of outsourcing have been insignificant in Korea partly because a substantial part of Korean outsourcing remained directed towards Japan, our results imply that labour demand would shift away from less-skilled workers towards more-skilled workers if outsourcing to China increased and outsourcing to Japan decreased in the future
Sectoral productivity and economic growth in Japan, 1970-98 : an empirical analysis based on the JIP database ( Book )
2 editions published in 2003 in English and held by 8 libraries worldwide
Strategic aspects of international lending and borrowing : a two-country dynamic game model by Kyōji Fukao( Book )
4 editions published between 1990 and 2004 in English and held by 6 libraries worldwide
On the Japanese contribution to the equalization of world income by Makoto Chigira( Book )
4 editions published between 1997 and 2002 in English and held by 6 libraries worldwide
Nihon no seisansei to keizai seichō : sangyō reberu kigyō reberu dēta ni yoru jisshō bunseki by Kyōji Fukao( Book )
2 editions published in 2003 in Japanese and held by 5 libraries worldwide
Foreign direct investment and service trade : the case of Japan by Kyōji Fukao( Book )
2 editions published in 2000 in English and held by 5 libraries worldwide
 
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Alternative Names
Fukao, Kyoji 1956-
Kyoji Fukao 1956-....
フカオ, キョウジ 1956-
深尾 京司 1956-....
深尾京司
深尾京司 1956-
Languages
English (75)
Japanese (21)
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