RIETI International Seminar

International Trade, Firms, and the Labor Market (Handouts)

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Handouts

Program Organizer

WAKASUGI Ryuhei's photo

WAKASUGI Ryuhei (Professor, Institute of Economic Research, Kyoto University / Research Counselor, RIETI)

Bio

Ryuhei Wakasugi has been Professor at the Institute of Economic Research, Kyoto University since 2007. He was formerly Professor, Department of Economics, Keio University (2004-2007); Vice President, Dean and Professor at Department of Economics, Yokohama National University (1992-2004); Associate Professor, Department of Economics, Shinshu University (1986-1989). He received his Ph.D. in Economics from the University of Tokyo in 1988 and M.A. in Economics from Yale University in 1979.
Recent Publications: "Productivity Premia of Offshoring Firms in East Asia: Evidence from Japanese Firms," (with Banri, Ito and Eiichi Tomiura), Millennial Asia 1 (1), pg. 79-96, 2010; "Offshoring by Japanese Firms: A Comparison of Destinations," (with Banri Ito and Eiichi Tomiura), Harvard Asia Quarterly , 12 (1), pg. 14-19, 2009; "The Effects of Stronger Intellectual Property Rights on Technology Transfer: Evidence from Japanese firm-level data," (with Banri Ito), Journal of Technology Transfer , 34 (2), pg. 145-158, 2009; "Why was Japan's trade hit so much harder?" in The Great Trade Collapse: Causes, Consequences and Prospects (ed. Richard Baldwin), A VoxEU.org publication, pg. 209-221, November 2009
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Opening Remarks

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FUJITA Masahisa (President and Chief Research Officer, RIETI / Professor, Konan University / Adjunct Professor, Institute of Economic Research, Kyoto University)

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Masahisa Fujita previously served as Professor of the Institute of Economic Research at Kyoto University; President of the Institute of Developing Economies-JETRO (IDE-JETRO) (2003-2007); and Professor in the Department of Economics/Regional Science at the University of Pennsylvania. His research and teaching interests are in urban economics, regional economics, and spatial economics. He holds a Ph.D. in Regional Science from the University of Pennsylvania.
Major works: The Spatial Economy: Cities, Regions, and International Trade (with P. Krugman and A.J. Venables), MIT Press, 1999; Economics of Agglomeration: Cities, Industrial Location, and Regional Growth (with J. Thisse), Cambridge University Press, 2002; Spatial Economics (vols. 1, 2) (editor); The International Library of Critical Writings in Economics , Edward Elgar Publishing, Inc., 2005; Regional Integration in East Asia: From the Viewpoint of Spatial Economics (editor), Macmillan, 2007
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Lecture Series

Chair: WAKASUGI Ryuhei's photo

Chair: WAKASUGI Ryuhei (Professor, Institute of Economic Research, Kyoto University / Research Counselor, RIETI)

Distinguished Lecture: "Trade and Labor Market Outcomes" (lecture delivered via Skype)

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Elhanan HELPMAN (Galen L. Stone Professor of International Trade, Harvard University)

Bio

Elhanan Helpman is Galen L. Stone Professor of International Trade at Harvard University and a Fellow at the Canadian Institute for Advanced Research. He graduated with a B.A. in economics and statistics from Tel Aviv University in 1969. He continued his education at Tel Aviv University and graduated with an M.A. in economics in 1971. He enrolled at Harvard University in 1971 and graduated with a Ph.D. in economics in 1974. He returned to Israel, where he was a lecturer and later a university professor from 1974 to 2004 at Tel Aviv University. He was Professor of Economics at Harvard University from 1997 to 2002, and has continued to serve the role as Faculty Associate since 2000, in addition to serving as the Galen L. Stone Professor.
Recent publications: The Mystery of Economic Growth , Cambridge, MA: Belknap Press of Harvard University Press, 2004; (E. Helpman, ed.), Institutions and Economic Performance , Cambridge, MA: Harvard University Press, 2008; (E. Helpman, D. Marin, T. Verdier, eds.), The Organization of Firms in a Global Economy , Cambridge, MA: Harvard University Press, 2008

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Q&A

Break

Distinguished Lecture: "Relocating the Value Chain: Offshoring and agglomeration in the global economy"

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Richard E. BALDWIN (Professor of International Economics, The Graduate Institute, Geneva)

Bio

Richard Edward Baldwin has been a Professor of International Economics at The Graduate Institute, Geneva since 1991, Policy Director of CEPR since 2006, Editor-in-Chief of Vox since he founded it in June 2007, and an elected Member of the Council of the European Economic Association. He was a Senior Staff Economist for the President's Council of Economic Advisors in the Bush Administration (1990-1991) following the Uruguay Round, NAFTA and EAI negotiations, as well as numerous US-Japan trade issues including the SII talks and the Semiconductor Agreement renewal. He was Co-managing Editor of the journal Economic Policy from 2000 to 2005, and Program Director of CEPR's International Trade program from 1991 to 2001.
The author of numerous books and articles, his research interests include international trade, globalization, regionalism, and European integration. Professor Baldwin has worked as a consultant for numerous governments such as the European Commission, OECD, the World Bank, EFTA, and USAID.
Professor Baldwin received his Ph.D. at MIT under the guidance of Paul Krugman, with whom he has co-authored a half dozen articles, the most recent of which was published in 2004.

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11:40 - 11:50

Presentation and Discussion

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Chair: WAKASUGI Ryuhei (Professor, Institute of Economic Research, Kyoto University / Research Counselor, RIETI)

Presentation 1: "Multinational Corporations, FDI and the East Asian Economic Integration"

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YANG Tzu-Han (Professor, National Taipei University)

Bio

Tzu-Han Maria Yang is Professor and Chair of the Department of Public Finance at National Taipei University. She obtained her Ph.D. in Economics from the University of California, Davis in 1993. After returning to Taiwan, she has served as a Specialist for Executive Yuan at the Council for Economic Planning and Development (1993-2000), Associate Professor at the Public Finance Institution, National Chung-Hsin University (1994-2000), Associate Professor of the Department of Public Finance, National Taipei University (2000-2008). She is also a member of the Custom and Tariff committee, Ministry of Public Finance (2009-current).
Her major fields of interest are International Economics, Industrial Organization, Public Finance and Social Welfare, and Computable General Equilibrium (CGE) Modeling.
Recent publications: "An Assessment of the Impacts of Industrial Restructuring and Technological Change on Taiwan's Economic Growth and Employment," (with H.-H. Liu) (2008), Socioeconomic Law and Institution Review : 42: 85-117 (in Chinese); "An Assessment of the Impact from the Expiration of Tax Incentives in the Statute for Upgrading Industries-A CGE Approach,"(with S.-W. Chang) (2008), Public Finance Review , 40 (4):75-99 (in Chinese)

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Discussant

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ITO Banri (Fellow, RIETI / Lecturer, Department of International Economics, School of Economics, Senshu University)

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Banri Ito received his M.A. (2004) and Ph.D. (2009) in Economics from Keio University. Mr. Ito served as a Research Associate at the Global Security Research Institute, Keio University (2005-2007), Research Fellow at the Japan Society for the Promotion of Science, and a Visiting Scholar at the RIETI (2007-2009). He is currently a Lecturer at the Department of International Economics, School of Economics, Senshu University and Fellow (Adjunct) at the RIETI (since 2009). His expertise is International Economics and Innovation.
Recent publications: "Offshore Outsourcing and Productivity: Evidence from Japanese firm-level data disaggregated by tasks," (with Ryuhei Wakasugi and Eiichi Tomiura), forthcoming in Review of International Economics, 2011 ; "Offshore Outsourcing Decision and Capital Intensity: Firm-level relationships," (with Ryuhei Wakasugi and Eiichi Tomiura) forthcoming in Economic Inquiry , 2011; "How Do Chinese Industries Benefit from FDI Spillovers?," (with N. Yashiro, Z. Xu, X. Chen, and R. Wakasugi) RIETI Discussion Paper Series :10-E-026, 2010.
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Q&A

Lunch Break

Presentation 2: "Openness and the Share of Nonstandard Workers"

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AHN Joyup (Senior Research Fellow, Korea Labor Institute)

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Joyup Ahn is a Senior Fellow at the Korea Labor Institute (since 1999) and a Board Member of Korean Labor Economic Society (since 2001). Dr. Ahn also served as the Vice Chairman of Working Party V at DELSA of OECD (2002-2010), and was a Public Representative Member at the Korean Tripartite Commission (2001-2003) and a Committee Member of the Seoul Labor Commission (2007-2010).
Dr. Ahn's major areas of research include long-term forecasting of labor demands and supply, working hours, part-time work, and retirement, as well as nonstandard work and discrimination.
He obtained his M.A. from Seoul National University and Yale University, and his Ph.D. in labor economics from Ohio State University.

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Discussant

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TSURU Kotaro (Senior Fellow, RIETI)

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Kotaro Tsuru has been a Senior Fellow at the Research Institute of Economy, Trade and Industry (RIETI) since 2001, Visiting Professor at the Graduate School of Business and Commerce, Keio University since 2004, and at the Graduate School of Public Policy, Chuo University since 2007. Dr. Tsuru has also served as Director for Policy Planning at the Cabinet Office (2006-2009). Prior to the appointment of his current post at RIETI, Dr. Tsuru was Research Economist at the Institute of Monetary and Economic Studies, Bank of Japan (2000-2001); Staff Economist, Economics Department, OECD, Paris (1995-2000); and Government Economist, Economic Planning Agency of Japan (1984-1995). His research includes organizational economics and the employment system. Dr. Tsuru received his D. Phil. in economics from University of Oxford (St. Antony's College).
Recent publications: "Consolidation of banks in Japan: Causes and consequences," Chapter 8 in T. Ito and A. Rose eds. Financial Sector Development in the Pacific Rim , East Asia Seminar on Economics Volume 18, NBER, University of Chicago Press (coauthored with Kaoru Hosono and Koji Sakai)
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Q&A

Presentation 3: "Temporary Workers, Permanent Workers, and International Trade: Evidence from the Japanese firm-level data"

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Hitoshi Sato is a Fellow at the Research Institute of Economy, Trade and Industry (RIETI). He is also a Research Fellow at the Institute of Developing Economies, Japan External Trade Organization (IDE-JETRO) (since 2007), and a Visiting Professor at the Graduate School for International Development and Cooperation, University of Hiroshima. Dr. Sato received his Ph.D. in Economics from the University of Wisconsin-Madison in 2006. His fields of interests are International Trade and Economic Growth.
Recent publications: "Firm Heterogeneity and FDI with Matching Frictions," RIETI Discussion Paper Series 09-E-025, June 2009; "The Internationalization of Japanese Firms: New Findings Based on Firm-level Data" (with Ryuhei Wakasugi, Yasuyuki Todo, Shunichiro Nishioka, Toshiyuki Matsuura, Banri Ito, and Ayumu Tanaka), RIETI Discussion Paper Series 08-E-036, October 2008; "A Factor-Proportions Theory of Endogenous Firm Heterogeneity," (with Taiji Furusawa), mimeo, 2008
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Discussant

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ONO Yukako (Keio Economic Observatory, Keio University)

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Yukako Ono was an economist in the research department at the Federal Reserve Bank of Chicago until November 2010. Dr. Ono conducts research in the areas of industrial organization and urban economics. Her research interests include the location of corporate headquarters, firms' decision to outsource business services, and the organization of temporary help service industries.
Dr. Ono's research has been published in the Rand Journal of Economics, Journal of Urban Economics, Regional Science & Urban Economics , as well as Economic Perspectives , the Chicago Fed's quarterly research publication.
Dr. Ono received a B.A. in business and commerce from Keio University, Japan, and M.A. and Ph.D. degrees in economics from Brown University.

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Q&A

Break

Presentation 4: "A Model of Multi-dimensional Human Capital Investments: Specific vs. general investments under uncertainty"

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ICHIDA Toshihiro (Associate Professor of International Trade, School of Commerce, Waseda University)


Discussant

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JINJI Naoto (Associate Professor, Faculty of Economics, Kyoto University)

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Naoto Jinji is Associate Professor at the Faculty of Economics, Kyoto University (since 2009). Prior to his current position, he was an Associate Professor at Okayama University (2005-2009) and was also Faculty Fellow at RIETI (2006-2008). He obtained his Ph.D. in Economics from University of British Columbia in 2001. His fields of interest are international trade, environmental economics, natural resource economics, and industrial organization. Dr. Jinji's current research interests include: trade and the environment; trade and renewable resources; intellectual property rights protection, technology spillovers, and trade; and labeling and trade.
Recent publications: "Factor Market Monopsony and International Duopoly," The Journal of International Trade & Economic Development , November 2010; "Patent Citations, Technology Diffusion, and International Trade: Evidence from Asian countries," Journal of Economics and Finance , Springer, vol. 34(4), pg. 365-390 (October)

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Presentation 5: "Offshoring of Tasks and Flexible Employment: Relations at the firm level"

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TOMIURA Eiichi (Faculty Fellow, RIETI / Professor, Faculty of Economics, Yokohama National University)

Bio

Eiichi Tomiura is Professor of Economics at the Yokohama National University. He received his Ph.D. in economics from MIT and taught previously at Kobe University and Shinshu University. Formerly, he served as Director and Deputy Director at various bureaus in Japan's Ministry of International Trade and Industry. His major field of research is empirical international trade.
Recent publications include "Offshore Outsourcing Decision and Capital Intensity: Firm-level relationships," Economic Inquiry , 2010/03; "Foreign Versus Domestic Outsourcing: Firm-level evidence on the role of technology," International Review of Economics and Finance , vol.18 (pg. 219-226), 2009/03; "Foreign Outsourcing, Exporting, and FDI: A productivity comparison at the firm level," Journal of International Economics , Vol. 72, pg.113-127, 2007/05
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ENDOH Masahiro (Professor, Faculty of Business and Commerce, Keio University)

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Masahiro Endoh is Professor at the Faculty of Business and Commerce, Keio University. He received his Ph.D. in Business and Commerce from Keio University. His research fields are international economics and international political economy.
Major publications: "Cross-Border Political Donations and Pareto-Efficient Tariffs," Journal of International Trade and Economic Development , Taylor and Francis, forthcoming; (Koichi Hamada and Koji Shimomura), "A Free Trade Area and its Neighbor's Welfare: A Revealed Preference Approach," (Binh Tran-Nam, Ngo Van Long and Makoto Tawada, eds.), "Globalization and Emerging Issues in Trade Theory and Policy," Frontiers of Economics and Globalization , Volume, 5, pg. 87-99, Bingley, 2008; "Quality of Governance and the Formation of Preferential Trade Agreements," Review of International Economics , Blackwell Publishing, vol. 14 (5), pg. 758-772, 2006

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Presentation 6: "China' s Educational Inequality: Evidence from college entrance exams and admissions"

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LI Hongbin (Professor, School of Economics and Management, Tsinghua University)

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Hongbin Li is Professor of Economics at the School of Economics and Management, Tsinghua University, Beijing, China. Dr. Li is also the executive associate director of the China Data Center, Tsinghua University. He obtained his Ph.D. in economics from Stanford University in 2001. Before returning to Tsinghua, he was professor (tenured) at the Chinese University of Hong Kong. He is a Research Fellow of IZA, the German Institute for the Study of Labor, a member of the editorial board of the Journal of Comparative Economics. He received the Changjiang Scholarship in the field of economics in 2010, and the National Science Fund for Distinguished Young Scientists in 2010. Professor Li's research has been focused on the transition and development of China. Research results have been published in JPE, AER Papers & Proceedings, EJ, ReStat, JOLE, JDE, JPubE, JCE and Demography .

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TODO Yasuyuki (Faculty Fellow, RIETI / Professor, Department of International Studies, Graduate School of Frontier Sciences, the University of Tokyo)

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Yasuyuki Todo received his Ph.D. in Economics from Stanford University. His research fields include international knowledge diffusion through firms' internationalization (e.g., FDI) and foreign aid. Selected publications: "Impacts of Aid-Funded Technical Assistance Programs: Firm-level evidence from the Indonesian foundry industry," forthcoming in World Development , 2011; "Does Offshoring Pay? Firm-Level Evidence from Japan," (with Hijzen, Alexander, Tomohiko Inui) Economic Inquiry , 2010; "Overseas R&D Activities and Home Productivity Growth: Evidence from Japanese firm-level data," (with Satoshi Shimizutani), Journal of Industrial Economics , 2008.
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Closing Remarks

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OIKAWA Kozo (Chairman, RIETI)

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Prior to his current position, Mr. Oikawa served as Senior Executive Director, Development Bank of Japan (2003-2005); Advisor, Nomura Research Institute, Ltd. (2002-2003); Research Counselor, TEPIA (2002-2003); Commissioner, Japan Patent Office; Director-General, Bureau of Equipment, Japan Defense Agency; Director-General for Policy Coordination, Minister's Secretariat; Councilor, Cabinet Secretariat; Deputy Director-General for Security Export Control, International Trade Administration Bureau; Director, Coordination Division, Bureau of Equipment, Japan Defense Agency; Director, Small Enterprise Policy Division, Small and Medium Enterprise Agency; Counselor, Japanese Mission to European Community, Ministry of Foreign Affairs; Director, Paper, Pulp & Printing Division, Consumer Goods Industries Bureau. Mr. Oikawa graduated from the University of Tokyo with a B.A. in Economics.
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