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Local labour market effects of offshoring | VOX, CEPR Policy Portal

Offshoring is a controversial aspect of globalisation, and its impact on source country welfare remains ambiguous. This column analyses the impacts of offshoring on local labour market outcomes in Japan. It finds that offshoring exposure led to higher local employment, and particularly for non-offshoring firms. Furthermore, offshoring helped mitigate the negative effects of

Impacts of firm global value chain participation on productivity

Participation in global value chains is commonly seen as an important driver of productivity growth. This column uses Japanese firm-level data to estimate the productivity-enhancing impacts of participation. On average, firms that form part of global value chains are found to exhibit higher productivity than non-participating firms. In addition, longer partitipation in

RIETI - Exogenous shocks, industrial policy, and the US semiconductor industry

RIETI - Exogenous shocks, industrial policy, and the US semiconductor industry
rieti.go.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rieti.go.jp Daily Mail and Mail on Sunday newspapers.

Explaining the disappointing trade effects of regional trade agreements

What can explain the small or even negative effects of regional trade agreements on trade? Using trade data between Japan and other 68 countries from 2002 to 2018, this column argues that RTAs reduce fixed costs for foreign direct investment more than exporters. This could have a negative effect on trade. A simulation exercise indicates that introducing RTA between Japan and

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