Global production sharing and the FDI–trade nexus: New evidence from the Japanese automobile industry |
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| Institution: | 2. Department of Neurology, Huashan Hospital, State Key Laboratory of Neurobiology, Fudan University, Shanghai, China;3. INI Stroke Network, OSF Healthcare System, Department of Neurology, University of Illinois College of Medicine, Peoria, Illinois;1. Department of Economics, Portland State University, 1721 SW Broadway, Portland, OR 97201, USA;2. Graduate School of Public Policy, University of Tokyo, 7-3-1 Hongo, Bunkyo-ku, Tokyo 113-0033, Japan;1. Australian National University, Canberra, Australia;2. Griffith University, Brisbane, Australia |
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| Abstract: | The growing importance of global production sharing makes the nexus between outward foreign direct investment (FDI) and trade in intermediate goods ever more important. This study employs newly-constructed product-level data covering 32 products and 49 host countries over the period 1993–2008 and finds evidence that FDI by upstream firms leads to additional exports of intermediate goods from the home country. The finding of a complementary relationship between FDI and intermediate exports from Japan runs counter to the popular view that the growing overseas activity of multinational enterprises could replace intermediate exports from a home country, thereby depriving the home country of job opportunities. |
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