Papers - Kimura, Fukunari

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Kimura Fukunari

Asian Economic Papers 9 ( 2 ) 147 - 148 2010.06

ISSN  1535-3516

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The effect of exchange rate volatility on international trade in East Asia

Hayakawa Kazunobu, Kimura Fukunari

Journal of the Japanese and International Economies 23 ( 4 ) 395 - 406 2009.12

ISSN  0889-1583

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<p>In this paper, we empirically investigate the relationship between exchange rate volatility and international trade, focusing on East Asia. Our findings are summarized as follows: first, intra-East Asian trade is discouraged by exchange rate volatility more seriously than trade in other regions. Second, one important source of the discouragement is that intermediate goods trade in international production networks, which is quite sensitive to exchange rate volatility compared with other types of trade, occupies a significant fraction of East Asian trade. Third, the negative effect of the volatility is greater than that of tariffs and smaller than that of distance-related costs in East Asia. © 2009 Elsevier Inc. All rights reserved.</p>

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Does International Fragmentation Occur in Sectors Other Than Machinery?

KIMURA FUKUNARI

Asian Economic Journal 22 ( 4 ) 343-358 2008.12

Research paper (scientific journal), Joint Work

WTO体制の今後：地域主義との新たな関係構築は可能か

KIMURA FUKUNARI

世界経済評論  ( 11 ) 6-13 2008.11

Research paper (scientific journal), Single Work

How Does Economic Freedom Affect International Trade in Services?

KIMURA FUKUNARI

Journal of Korea Trade 12 ( 3 ) 1-28 2008.11

Research paper (scientific journal), Joint Work

Demystify Protectionism: the WTO Trade Policy Review of Japan

KIMURA FUKUNARI

The World Economy 31 ( 11 ) 1383-1392 2008.11

Research paper (scientific journal), Single Work

Are Korean Firms Doing Well? Evidence from Shandong Province in China

KIMURA FUKUNARI

The Journal of the Korean Economy 9 ( 1 ) 1-26 2008.03

Research paper (scientific journal), Joint Work

ASEAN主導の東アジア経済統合と国際通商政策の新たな潮流

KIMURA FUKUNARI

世界経済評論 52 ( 1 ) 35-41 2008.01

Research paper (scientific journal), Single Work

Does international fragmentation occur in sectors other than machinery?

Kimura Fukunari, Hayakawa Kazunobu, Ji Zheng

Asian Economic Journal 22 ( 4 ) 343 - 358 2008

ISSN  1351-3958

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<p>It is well established in the published literature that international fragmentation has dramatically developed in East Asia since the 1990s, particularly in machinery industries, including general machinery, electric machinery, transport equipment and precision machinery. However, how far has international fragmentation developed in sectors other than the machinery sector, such as textiles or chemicals? To answer this question, we empirically investigate whether features of international fragmentation appear in other sectors by examining intraregional trade in East Asia. The results indicate that, although some features of international fragmentation can be observed in some other sectors, particularly in the chemical sector, they are most distinctive in the general/electric machinery sector. © 2008 The Authors Journal compilation © 2008 East Asian Economic Association and Blackwell Publishing Ltd.</p>

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Japanese FTA/EPA Strategies and Agricultural Protection

KIMURA FUKUNARI

Keio Business Review 44 ( 1 ) 1-25 2008

Research paper (bulletin of university, research institution), Joint Work

Demystify protectionism

Kimura Fukunari

World Economy 31 ( 11 ) 1383 - 1392 2008

ISSN  0378-5920

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<p>This paper reviews the eighth Trade Policy Review (TPR) for Japan. It begins with an appreciation of its fair and well-balanced work in updating knowledge on the progress of policy reform in Japan. The TPR confirms the recovery of the Japanese economy with some notable improvements in its policy environment, the example of which is competition policy. On the other hand, there still remain notable trade impediments, particularly in agriculture. Some agricultural products are still heavily protected by complicated border measures. This paper provides some supplementary information, namely that the domestic production of most of the heavily protected products, with the exception of rice, are highly concentrated geographically, suggesting the politico-economic background. The rise of regionalism is mentioned as another topical issue in Japan though the characteristics and significance of free trade agreement networking by Japan are not fully discussed by the TPR. The TPR praises Japan's effort in providing the generalised system of preferences (GSP), but this paper offers a somewhat sceptical view of the role of GSP as a useful tool for developing countries. Overall, the TPR for Japan is assessed as a good starting point for dealing with the remaining issues on international commercial policies in Japan. © 2008 The Authors Journal compilation © 2008 Blackwell Publishing Ltd.</p>

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The Australia-Japan FTA and New-Regionalism: A Japanese Perspective

KIMURA FUKUNARI

APEC Economies Newsletter 11 ( 12 ) 1-2 2007.12

Research paper (scientific journal), Single Work

Can Offshoring Create Domestic Jobs? Evidence from Japanese Data

KIMURA FUKUNARI

CEPR Policy Insight  ( 16 )  2007.12

Research paper (scientific journal), Joint Work

日豪経済連携協定の戦略的需要性と日本経済への影響

KIMURA FUKUNARI

貿易と関税    4-16 2007.10

Research paper (scientific journal), Joint Work

Fragmentation and parts and components trade

Kimura Fukunari, Takahashi Yuya, Hayakawa Kazunobu

North American Journal of Economics and Finance 18 ( 1 ) 23 - 40 2007.02

ISSN  1062-9408

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<p>This paper argues that fragmentation theory is well suited for explaining the mechanics of international production/distribution networks in East Asia, in contrast with the traditional horizontal product differentiation model fitted for intra-industry trade in core Europe. Using finely disaggregated international trade data, patterns of international trade in East Asia and Europe, particularly trade in machinery parts and components, are carefully examined, and the gravity equation approach is applied to check the validity of the theoretical framework. © 2006 Elsevier Inc. All rights reserved.</p>

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Foreign-owned versus domestically-owned firms

Kimura Fukunari, Kiyota Kozo

Review of Development Economics 11 ( 1 ) 31 - 48 2007.02

ISSN  1363-6669

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<p>This paper utilizes micro-panel data for firms located in Japan and examines differences in corporate performance between foreign-owned and domestically-owned firms in the 1990s. We find that foreign-owned firms not only reflect superior static characteristics, but also achieve faster growth. Moreover, foreign investors appear to invest in firms that may not be immediately profitable, but those that are potentially the most profitable in the future. There is also no evidence that foreign investor is "foot-loose." These imply that foreign investors bring useful firm-specific assets into the Japanese market, which may work as an effective catalyst for necessary structural reform. © 2006 The Authors; Journal compilation © 2007 Blackwell Publishing Ltd.</p>

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東アジアにおけるFTA網形成の現況と日本

KIMURA FUKUNARI

問題と研究 36 ( 6 ) 25-44 2007

Research paper (scientific journal), Single Work

Exports, FDI, and productivity

Kimura Fukunari, Kiyota Kozo

Review of World Economics 142 ( 4 ) 695 - 719 2006.12

ISSN  1610-2878

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<p>This paper examines the relationship between exports, foreign direct investment, and firm productivity. Using longitudinal panel data on Japanese firms, it is found that the most productive firms engage in exports and foreign direct investment, medium productive firms engage in either exports or foreign direct investment, and the least productive firms focus only on the domestic market. Moreover, exports and foreign direct investment appear to improve firm productivity once the productivity convergence effect is controlled for. Firms that retain a presence in foreign markets, either by exports or foreign direct investment, show the highest productivity growth, which contributes to improvements in national productivity. © The Kiel Institute 2006.</p>

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International Production and Distribution Networks in East Asia: Eighteen Facts, Mechanics, and Policy Implications

KIMURA FUKUNARI

Asian Economic Policy Review 1 ( 2 ) 326-344 2006.12

Research paper (scientific journal), Single Work

東アジア・環太平洋地域の経済統合の現状と日本・韓国の国際通商政策

KIMURA FUKUNARI

三田学会雑誌 99 ( 2 ) 5-29 2006.07

Research paper (bulletin of university, research institution), Joint Work