BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//AMSE//Event Calendar//FR
CALSCALE:GREGORIAN
METHOD:PUBLISH
BEGIN:VEVENT
UID:event-9979@amse-aixmarseille.fr
DTSTAMP:20260430T140244Z
CREATED:20260430T140244Z
LAST-MODIFIED:20260430T140244Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:French-Japanese webinar - Kazunobu Hayakawa
DTSTART:20230512T080000Z
DTEND:20230512T090000Z
DESCRIPTION:This study quantifies the fixed costs of export and outward for
 eign direct investment (FDI). Specifically\, we compute the ratio of fixed 
 costs for FDI to those for exports\, which is called the “fixed cost rati
 o” (FCR). To do so\, we solve an equation derived from the theoretical mo
 del of the choice between exporting and FDI. We apply this method to export
 s and FDI from Japan to 68 countries during 2002-2018. Our findings can be 
 summarized as follows: In terms of median values\, the FCR is estimated to 
 be approximately 10\, indicating that the fixed costs for FDI are approxima
 tely 10 times higher than those for exports. Furthermore\, our regression a
 nalyses on the determinants of the FCR show a significantly negative effect
  of regional trade agreements (RTAs) on the FCR\, which indicates that RTAs
  contribute to reducing fixed costs of FDI more greatly than those of expor
 ting. This result has important implications for the RTAs’ trade creation
  effect. Finally\, we conduct simulation analyses of the effect of RTAs on 
 the ratio of exports to FDI sales.\\n\\nContact: Gilles Dufrénot: gilles.d
 ufrenot[at]sciencespo-aix.frKiyotaka Sato: sato[at]ynu.ac.jp\n\nPlus d'inf
 ormations: https://amse-aixmarseille.fr/en/events/kazunobu-hayakawa-0
URL;VALUE=URI:https://amse-aixmarseille.fr/en/events/kazunobu-hayakawa-0
CONTACT:Gilles Dufrénot: gilles.dufrenot[at]sciencespo-aix.frKiyotaka Sato
 :&nbsp\;sato[at]ynu.ac.jp
TRANSP:OPAQUE
END:VEVENT
END:VCALENDAR