ITO Keiko

Empirical Analysis on International Trade and Foreign Direct Investment,
Industry and Firm-Level Productivity Analysis

• The Crisis of the Rules-based International Economic Order and Japanese Firms’ Global Activities (February 9, 2026 - July 31, 2028)
• East Asian Firm-Level Productivity Project (April 19, 2011 - March 31, 2013)

2002 Ph.D., Economics, Hitotsubashi University, Tokyo, Japan
1999 M.A., Area Studies, University of Tsukuba, Ibaraki, Japan
1994 B.E., Industrial Engineering, Waseda University, Tokyo, Japan

2022-Present Professor, Graduate School of Social Sciences, Chiba University
2018-2022 Professor, Faculty of Commerce, Chuo University
2012-2018 Professor, School of Economics, Senshu University
2006-2012 Associate Professor, School of Economics, Senshu University
2004-2006 Lecturer, School of Economics, Senshu University
2002-2004 Research Assistant Professor, The International Centre for the Study of East Asian Development (ICSEAD), Kitakyushu, Japan

Books

• Globalization and Japanese Firms: Structural Changes in the Balance of Payments and Firm Performance, Tokyo: Keiko University Press, 2025. (in Japanese)
• "The Impact of Economic Globalisation on Firm Performance and the Labour Market: Evidence from Japan," in Shujiro Urata and Ha Thi Thanh Doan, eds., Globalisation and its Economic Consequences: Looking at APEC Economies, Chapter 5, pp. 103-128, Routledge, 2021.
• "Overseas Expansion and Domestic Business Restructuring in Japanese Firms," in Chin Hee Hahn, Dionisius Narjoko, Ha Thi Thanh Doan, and Shujiro Urata, eds., The Effects of Globalisation on Firm and Labour Performance, Chapter 11, pp. 214-240, Routledge, 2020. (with Kenta Ikeuchi)
• "Product Market Efficiencies and TFP: A Comparative Study of Japanese and Korean Firms," in Dongchul Cho, Takatoshi Ito, and Andrew Mason, eds., Economic Stagnation in Japan: Exploring the Causes and Remedies of Japanization, Chapter 5, pp. 99-120, Edward Elgar, 2018. (with YoungGak Kim)
• "Does Material and Service Offshoring Improve Domestic Productivity? Evidence from Japanese Manufacturing Industries," in Robert M. Stern, ed., Quantitative Analysis of Newly Evolving Patterns of International Trade: Fragmentation; Offshoring of Activities; and Vertical Intra-Industry Trade, Chapter 2, pp. 49-94, World Scientific, 2012. (with Kiyoyasu Tanaka)
• "Cross-Border Acquisitions and Target Firms' Performance: Evidence from Japanese Firm-Level Data," in Takatoshi Ito and Andrew Rose, eds., International Financial Issues in the Pacific Rim: Global Imbalances, Financial Liberalization, and Exchange Rate Policy, Chapter 11, pp. 347-385, University of Chicago Press, 2008. (with K. Fukao, H.U. Kwon, and M. Takizawa)
• "Foreign Ownership and Productivity in the Indonesian and Thai Automobile Industries," in Eric D. Ramstetter and Fredrik Sjoholm, eds., Multinational Corporations in Indonesia and Thailand: Wages, Productivity and Exports, Chapter 6, pp. 143-169, Palgrave Macmillan, 2006.
• "Foreign Direct Investment and Services Trade: The Case of Japan," in Takatoshi Ito and Anne O. Krueger, eds., Trade in Services in the Asia-Pacific Region, Chapter 13, pp. 429-476, University of Chicago Press, 2003. (with Kyoji Fukao)

Papers Published in Refereed Journals

• "Diversification in Trade and Foreign Investment and Resilience to the COVID-19 Shock: Firm-level Evidence Using Japanese Customs Data," The World Economy, Vol. 49, Issue 2, pp.373–383, 2026. (with Toshiyuki Matsuura and Naoto Jinji)
• "Margins, Concentration, and the Performance of Firms in International Trade: Evidence from Japanese Customs Data," Journal of the Japanese and International Economies Vol. 75, 101340 (pp.1-20), 2025. (with Masahiro Endoh, Naoto Jinji, Toshiyuki Matsuura, Toshihiro Okubo, and Akira Sasahara)
• "The Impact of the Strengthening of Export Controls on Japanese Exports of Dual-Use Goods," International Economics Vol. 174, pp.160-179, 2023. (with Kazunobu Hayakawa, Kyoji Fukao, and Ivan Deseatnicov)
• "Global Value Chains and Domestic Innovation," Research Policy, Vol.52, Issue 3, 104699 (pp.1-22), 2023. (with Kenta Ikeuchi, Chiara Criscuolo, Jonathan Timmis, and Antonin Bergeaud)
• "Organizational and Human Resource Management and Innovation: Which Management Practices are Linked to Product and/or Process Innovation?," Research Policy, Vol.47, Issue 1, pp.194-208, 2018. (with Shoko Haneda)
• "Overseas Market Information and Firms’ Export Decisions," Economic Inquiry, Vol. 53, Issue 3, pp.1671–1688, 2015. (with Tomohiko Inui and Daisuke Miyakawa)
• "Global fixed capital investment by multinational firms, " Economica, Vol. 80, Issue 318, pp. 274-299, 2013. (with René Belderbos, Kyoji Fukao, and Wilko Letterie)
• "Determinants of the Profitability of Japanese Manufacturing Affiliates in China and Other Regions: Does Localization of Procurement, Sales, and Management Matter?", The World Economy, Vol. 33, Issue 12, pp. 1639-1671, 2010. (with Kyoji Fukao)
• "Foreign Direct Investment and Trade in Japan: An Empirical Analysis Based on Establishment and Enterprise Census for 1996", Journal of the Japanese and International Economies, Vol. 19, Issue 3, pp. 414-455, 2005. (with Kyoji Fukao)
• "Foreign Ownership and Plant Productivity in the Thai Automobile Industry in 1996 and 1998: A Conditional Quantile Analysis ", Journal of Asian Economics, Vol. 15, Issue 2, April 2004, pp. 321-353.
• "Vertical Intra-Industry Trade and Foreign Direct Investment in East Asia", Journal of the Japanese and International Economies, Vol. 17, Issue 4, pp. 468-506, 2003. (with K. Fukao and H. Ishido)