Author: Bin Ni
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This study analyzes the impact of bilateral free trade agreements (FTAs) on the investment of multinational firms located outside the FTA-covered regions. Specifically, we analyze how Japanese firms located in the European Union (EU) changed their investment behavior in response to the EU-Korea bilateral FTA concluded in 2011. By applying unique Japanese data at the affiliate level, we estimate how the EU-Korea FTA affects the performance of Japanese firms that are already operating in the EU. To mitigate the endogeneity problem due to self-selection into the region, we employed a difference-in-difference method and compared the performance variation of Japanese firms in industries where they competed the most with their Korean counterparts, with that of those with less competition, after controlling for firm and regional characteristics. We find that the EU-Korea FTA reduces the amount of actual amount of foreign direct investment (FDI) but increases the expected amount made by Japanese firms within the EU. Further, we show that such an impact is through the potential channel of trade, supported by the evidence that the FTA positively affects the volume of exports from Japanese affiliates to Japan, especially in industries where Japanese and Korean firms compete intensively. The study reveals that Japan's trade and FDI into the EU complement each other.
When Free Trade Agreement Meets Competition
Author: Bin Ni
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This study analyzes the impact of bilateral free trade agreements (FTAs) on the investment of multinational firms located outside the FTA-covered regions. Specifically, we analyze how Japanese firms located in the European Union (EU) changed their investment behavior in response to the EU-Korea bilateral FTA concluded in 2011. By applying unique Japanese data at the affiliate level, we estimate how the EU-Korea FTA affects the performance of Japanese firms that are already operating in the EU. To mitigate the endogeneity problem due to self-selection into the region, we employed a difference-in-difference method and compared the performance variation of Japanese firms in industries where they competed the most with their Korean counterparts, with that of those with less competition, after controlling for firm and regional characteristics. We find that the EU-Korea FTA reduces the amount of actual amount of foreign direct investment (FDI) but increases the expected amount made by Japanese firms within the EU. Further, we show that such an impact is through the potential channel of trade, supported by the evidence that the FTA positively affects the volume of exports from Japanese affiliates to Japan, especially in industries where Japanese and Korean firms compete intensively. The study reveals that Japan's trade and FDI into the EU complement each other.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This study analyzes the impact of bilateral free trade agreements (FTAs) on the investment of multinational firms located outside the FTA-covered regions. Specifically, we analyze how Japanese firms located in the European Union (EU) changed their investment behavior in response to the EU-Korea bilateral FTA concluded in 2011. By applying unique Japanese data at the affiliate level, we estimate how the EU-Korea FTA affects the performance of Japanese firms that are already operating in the EU. To mitigate the endogeneity problem due to self-selection into the region, we employed a difference-in-difference method and compared the performance variation of Japanese firms in industries where they competed the most with their Korean counterparts, with that of those with less competition, after controlling for firm and regional characteristics. We find that the EU-Korea FTA reduces the amount of actual amount of foreign direct investment (FDI) but increases the expected amount made by Japanese firms within the EU. Further, we show that such an impact is through the potential channel of trade, supported by the evidence that the FTA positively affects the volume of exports from Japanese affiliates to Japan, especially in industries where Japanese and Korean firms compete intensively. The study reveals that Japan's trade and FDI into the EU complement each other.
Negotiating Free-trade Agreements
Author: Walter Goode
Publisher:
ISBN: 9781921244957
Category : Australia
Languages : en
Pages : 208
Book Description
Publisher:
ISBN: 9781921244957
Category : Australia
Languages : en
Pages : 208
Book Description
Commentary on the Competition Dimension of the North American Free Trade Agreement
Author: Association du barreau canadien. Section nationale du droit de la concurrence
Publisher:
ISBN:
Category : Antitrust law
Languages : en
Pages : 47
Book Description
Publisher:
ISBN:
Category : Antitrust law
Languages : en
Pages : 47
Book Description
How to Design, Negotiate, and Implement a Free Trade Agreement in Asia
Author: Asian Development Bank. Office of Regional Economic Integration
Publisher:
ISBN:
Category : Asia
Languages : en
Pages : 168
Book Description
Publisher:
ISBN:
Category : Asia
Languages : en
Pages : 168
Book Description
Methodology for Impact Assessment of Free Trade Agreements
Author: Michael G. Plummer
Publisher: Asian Development Bank
ISBN: 9290921978
Category : Political Science
Languages : en
Pages : 194
Book Description
This publication displays the menu for choice of available methods to evaluate the impact of Free Trade Agreements (FTAs). It caters mainly to policy makers from developing countries and aims to equip them with some economic knowledge and techniques that will enable them to conduct their own economic evaluation studies on existing or future FTAs, or to critically re-examine the results of impact assessment studies conducted by others, at the very least.
Publisher: Asian Development Bank
ISBN: 9290921978
Category : Political Science
Languages : en
Pages : 194
Book Description
This publication displays the menu for choice of available methods to evaluate the impact of Free Trade Agreements (FTAs). It caters mainly to policy makers from developing countries and aims to equip them with some economic knowledge and techniques that will enable them to conduct their own economic evaluation studies on existing or future FTAs, or to critically re-examine the results of impact assessment studies conducted by others, at the very least.
Commentary on the Competition Dimension of the North American Free Trade Agreement
Author:
Publisher:
ISBN:
Category : Antitrust law
Languages : en
Pages : 47
Book Description
Publisher:
ISBN:
Category : Antitrust law
Languages : en
Pages : 47
Book Description
The North American Free Trade Agreement
Author: Luis F. Rojas Lopez
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Business and Commerce Code
Author: Texas
Publisher:
ISBN:
Category : Commercial law
Languages : en
Pages : 0
Book Description
Publisher:
ISBN:
Category : Commercial law
Languages : en
Pages : 0
Book Description
Beyond the Northern American Free Trade Agreement
Author: United States. Congress. House. Committee on Foreign Affairs. Subcommittee on International Economic Policy and Trade
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 176
Book Description
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 176
Book Description
Implementation of U.S. Bilateral Free Trade Agreement with Singapore and Chile
Author: United States. Congress. Senate. Committee on Finance
Publisher:
ISBN:
Category : Chile
Languages : en
Pages : 120
Book Description
Publisher:
ISBN:
Category : Chile
Languages : en
Pages : 120
Book Description