予定表 -詳細情報-
| 件名 | LS Ivan Deseatnicov氏 |
| 開始日時 | 2012年 12月 4日 (火曜日) 12時15分 (GMT+09:00) |
| 終了日時 | 2012年 12月 4日 (火曜日) 12時50分 (GMT+09:00) |
| 場所 | 1号館401教室 |
| 詳細 | GLOPE II ランチタイムセミナー 【報告者】Ivan Deseatnicov氏（早稲田大学） 【タイトル】Political Environment, Democracy and Japanese Outward FDI: a panel data analysis (joint work with Hiroya Akiba) 【概要】This paper attempts to examine empirically the effects of Political Environment (PE) and Democracy on the Japanese outward Foreign Direct Investment (FDI) activities with a panel data of 56 developed and developing countries for the period of 1995-2010. Lucas (1990) in his famous paper “Why doesn’t capital flow from rich to poor countries?” provided a well-founded theoretical explanation of why capital flows from developed economies to developed ones and not to developing. However, recently one can observe that a share of FDI to developing countries is growing at a high pace. Japan is not an exception. Many Japanese Multinational Companies (MNCs) started to invest intensively in the developing economies in the recent decade. We suggest that one should not neglect political environment and democracy status since these aspects actually could have non-linear impact on the FDI flows. The estimation model is constructed on the basis of the OLI (ownership, location and internalization advantages) and general equilibrium theoretical models. In fact, we extend our previous work examining Political Risk effects on Japanese outward FDI to a broader framework by emphasizing PE and Democracy effects. Various measures of PE and Democracy are included as additional explanatory variables with market potential, wages, skilled workforce endowments, investment cost and openness. We found that, a model with PE and Democracy factors and some traditional explanatory variables reasonably explains recent Japanese MNCs activities. Japanese outward FDI flows revealed sensitivity to different levels of PE and Democracy in developed and developing countries. These findings have important implications for future policy consideration by host countries and academic research on Japanese outward FDI. *The talk will be given in English. |
| カテゴリー | 政治経済学基礎セミナー・ランチタイムセミナー |
