KIYOTA, Kozo, NAKAJIMA, Takanobu, NISHIMURA, Kiyohiko
This paper investigates firm-level productivity growth with careful consideration on the effects of entry/exit. We found the productivity convergence among firms. Besides, the analysis without...
Storm in a Spaghetti Bowl: FTAs and the BRIICS (2008)
Kiyota, Kozo, Molnar, Margit, Stern, Robert M
In this study we analyze the welfare and sectoral effects of a variety of options for the formation of free trade agreements by several major emerging market economies. The economies covered include:...
Kiyota, Kozo, Peitsch, Barbara, Stern, Robert M.
This paper focuses on issues of financial sector liberalization in Ethiopia, with reference in particular to the Ethiopian banking sector. Ethiopia is a country that has not been studied extensively...
Computational Analysis of APEC Trade Liberalization (2008)
In this study, we use the Michigan Model of World Production and Trade to analyze the economic welfare effects of APEC free trade, unilateral free trade for individual APEC members, and global free...
Industrial Policy Cuts Two Ways: Evidence from Cotton Spinning Firms in Japan, 1953-1979 (2008)
A number of studies have revealed that the effect of industrial policy on productivity growth is negative. Is this because industrial policy fails to control the activities of firms, or because it...
The Case for Financial Sector Liberalization in Ethiopia (2007)
Kiyota, Kozo, Pietsch, Barbara, Stern, Robert
This paper focuses on issues of financial sector liberalization in Ethiopia, with reference in particular to the Ethiopian banking sector. We identify two factors that may constrain Ethiopia’s...
Kiyota, Kozo, Matsuura, Toshiyuki
Previous studies of job creation and job destruction (JCJD) have found that the gross job reallocation rate greatly exceeded the net job creation rate even in a narrowly defined industry or the same...
AN ANALYSIS OF THE U.S.-SACU FTA NEGOTIATIONS (2006)
Brown, Drusilla K., Kiyota, Kozo, Stern, Robert M.
This paper analyzes the potential economic effects of bilateral negotiations for an FTA between the United States and the Southern African Customs Union (SACU). The U.S.-SACU FTA bilateral...
An Assessment of the Economic Effects of the Menu of U.S. Trade Policies (2005)
The Michigan Computable General Equilibrium (CGE) Model of World Production and Trade is used to calculate the aggregate welfare and sectoral employment effects of the menu of U.S. trade policies....
An Assessment of the Economic Effects of the Menu of U.S. Trade Policies (2005)
The Michigan Computable General Equilibrium (CGE) Model of World Production and Trade is used to calculate the aggregate welfare and sectoral employment effects of the menu of U.S. trade policies....
An Assessment of the Economic Effects of the Menu of U.S. Trade Policies (2005)
The Michigan Computable General Equilibrium (CGE) Model of World Production and Trade is used to calculate the aggregate welfare and sectoral employment effects of the menu of U.S. trade policies....
An Assessment of the Economic Effects of the Menu of U.S. Trade Policies (2005)
The Michigan Computable General Equilibrium (CGE) Model of World Production and Trade is used to calculate the aggregate welfare and sectoral employment effects of the menu of U.S. trade policies....
Innovation Versus Diffusion : Determinants of Productivity Growth Among Japanese Firms (2005)
Nishimura, Kiyohiko G., Nakajima, Takanobu, Kiyota, Kozo
This paper presents a model of firm-level productivity growth that distinguishes between innovation and technology diffusion, and then applies the model to a large-scale data set of Japanese...
Productivity Convergence at the Firm Level (2005)
Nishimura, Kiyohiko G., Nakajima, Takanobu, Kiyota, Kozo
Productivity convergence among countries has been investigated extensively with mixed results. This paper extends the analysis to the firm level to shed light on the debate of convergence or...
Kiyota, Kozo, Okazaki, Tetsuji
Revised version of CIRJE-F-274 (2004)
Kiyota, Kozo, Okazaki, Tetsuji
Revised as CIRJE-F-329.
Nishimura, Kiyohiko G., Nakajima, Takanobu, Kiyota, Kozo
This paper investigates whether or not the natural selection mechanism (NSM) of economic Darwinism works in severe recessions. Although standard firm models imply the importance of NSM in an economy...
日本の新しい通商政策とその効果 : CGEモデルによる評価 (2002)
堤, 雅彦, 清田, 耕造, ツツミ, マサヒコ, キヨタ, コウゾウ, Tsutsumi, Masahiko, Kiyota, Kozo, ...
本稿は, 応用一般均衡 (Computable General Equilibrium : CGE) モデルを利用し, 日本を取り巻く新しい通商政策 (新時代経済連携協定あるいは自由貿易協定)...
The services content of Japanese trade (2001)
This paper investigates the share of direct and indirect services trade in Japanese trade between 1985 and 1995, using data from Japanese input-output tables. The empirical analysis reveals that the...
The processed food industry in Japan (2001)
Itoh, Motoshige, Ito, Yukiko, Trewin, Ray, Kiyota, Kozo, Urata, Shujira, ...
In some ways food is unlike other commodities, as local tastes, delivery costs and quality are particularly significant issues for food producers. Food consumption has traditionally reflected local...
The services content of Japanese trade (2001)
This paper investigates the share of direct and indirect services trade in Japanese trade between 1985 and 1995, using data from Japanese input-output tables. The empirical analysis reveals that the...
The processed food industry in Japan (2001)
Itoh, Motoshige, Ito, Yukiko, Trewin, Ray, Kiyota, Kozo, Urata, Shujira
In some ways food is unlike other commodities, as local tastes, delivery costs and quality are particularly significant issues for food producers. Food consumption has traditionally reflected local...
The services content of Japanese trade (2001)
This paper investigates the share of direct and indirect services trade in Japanese trade between 1985 and 1995, using data from Japanese input-output tables. The empirical analysis reveals that the...
The processed food industry in Japan (2001)
Itoh, Motoshige, Ito, Yukiko, Trewin, Ray, Kiyota, Kozo, Urata, Shujira
In some ways food is unlike other commodities, as local tastes, delivery costs and quality are particularly significant issues for food producers. Food consumption has traditionally reflected local...
"Productivity Convergence at the Firm Level"
Kiyohiko G. Nishimura, Takanobu Nakajima, Kozo Kiyota
Productivity convergence among countries has been investigated extensively with mixed results. This paper extends the analysis to the firm level to shed light on the debate of convergence or...
We examine the determinants and effects of technology acquisition licensing, using firm-level data between 1957 and 1970. Our results indicate that in technology acquisition licensing, the government...
The Impacts of an East Asia FTA on Foreign Trade in East Asia
This paper attempts to examine the impact of an East Asia FTA on trade patterns in East Asia by using a multi-sector computable general equilibrium model. The model used in this analysis is the...
"Innovation Versus Diffusion: Determinants of Productivity Growth Among Japanese Firms"
Kiyohiko G. Nishimura, Takanobu Nakajima, Kozo Kiyota
This paper presents a model of firm-level productivity growth that distinguishes between innovation and technology diffusion, and then applies the model to a large-scale data set of Japanese...
Employment of MNEs in Japan: New Evidence
Kozo Kiyota, Toshiyuki Matsuura
This paper asks two questions. 1) Do multinational enterprises (MNEs) present different patterns of employment from domestic firms? 2) Do workers in MNEs face a higher risk of losing jobs? We...
China's Long-Term International Trade Statistics: By Commodity, 1952-1964 and 1981-2000
Kyoji Fukao, Kozo Kiyota, Ximing Yue
International trade has been a key engine driving Chinese economic growth in recent decades. Yet, long-term analyses of China's trade are still difficult because the country's trade statistics for...
Kiyohiko G. Nishimura, Takanobu Nakajima, Kozo Kiyota
This paper investigates whether or not the natural selection mechanism (NSM) of economic Darwinism works in severe recessions. Although standard firm models imply the importance of NSM in an economy...
An Analysis of the Potential Economic Effects of Bilateral, Regional, and Multilateral Free Trade
This paper presents a computational analysis of the potential economic effects of trade liberalization in various regional and bilateral free trade agreements (FTAs) that have been negotiated in...
The Shadow of Death: Pre-exit Performance of Firms in Japan
This paper examines the pre-exit productivity performance and asks how productivity affects future survival, controlling for firm size and unobserved firm heterogeneity. Based on firm-level data in...
The Shadow of Death: Pre-exit Performance of Firms in Japan
This paper examines the pre-exit productivity performance and asks how productivity affects future survival, using firm-level data in Japan for 1995-2002. We found that firms did not face "sudden...
Why Is Multinational Status Important? Evidence from Job Creation and Job Destruction in Japan
Kozo Kiyota, Toshiyuki Matsuura
Previous studies of job creation and job destruction (JCJD) have found that the gross job reallocation rate greatly exceeded the net job creation rate even in a narrowly defined industry or the same...
On Testing the Law of Comparative Advantage
This paper reconsiders the law of comparative advantage (Deardorff, 1980, 1994) from an empirical point of view. I show that not only net exports valued at autarky prices but also those valued at...
Economic Effects of a Korea-U.S. Free Trade Agreement
This study presents an analysis of the bilateral free trade agreement (FTA) that is being negotiated between Korea and the United States. The bilateral FTA negotiations were notified to the U.S....
An Analysis of the U.S.-SACU FTA Negotiations
Drusilla Brown, Kozo Kiyota, Robert Stern
This paper analyzes the potential economic effects of bilateral negotiations for an FTA between the United States and the Southern African Customs Union (SACU). The U.S.-SACU FTA bilateral...
Computational Analysis of the U.S FTAs with Central America, Australia, And Morocco
Drusilla K. Brown, Kozo Kiyota, Robert M. Stern
We use the Michigan Model of World Production and Trade to assess the economic effects of the U.S. bilateral FTAs negotiated with Central America, Australia, and Morocco. The model covers 18 economic...
Computational Analysis of the Free Trade Area of the Americas (FTAA)
Drusilla K. Brown, Kozo Kiyota, Robert M. Stern
We use the Michigan Model of World Production and Trade to assess the economic effects of the Free Trade Area of the Americas (FTAA) that is currently being negotiated among the 34 countries in the...
This paper utilizes micro-panel data for firms located in Japan and examines differences in static and dynamic corporate performance between foreign-owned and domestically-owned firms in the 1990s....
Computational Analysis of the U.S FTA with the Southern African Customs Union (SACU)
Drusilla K. Brown, Kozo Kiyota, Robert M. Stern
We use the Michigan Model of World Production and Trade to assess the economic effects of the U.S. FTA being negotiated with the Southern African Customs Union (SACU). The model covers 18 economic...
Computational Analysis of the Menu of U.S.-Japan Trade Policies
Drusilla K. Brown, Kozo Kiyota, Robert M. Stern
We have used the Michigan Computable General Equilibrium (CGE) Model of World Production and Trade to calculate the aggregate welfare and sectoral employment effects of the menu of U.S.-Japan trade...
The Services Content of Japanese Trade
This paper investigates the share of direct and indirect services trade in Japanese trade between 1985 and 1995, using data from Japanese input-output tables. The empirical analysis reveals that the...
Foreign-owned versus Domestically-owned Firms: Economic Performance in Japan
This paper utilizes micro-panel data for firms located in Japan and examines differences in corporate performance between foreign-owned and domestically-owned firms in the 1990s. We find that...
Computational Analysis of the US FTAs with Central America, Australia and Morocco
Drusilla K. Brown, Kozo Kiyota, Robert M. Stern
We use the Michigan Model of World Production and Trade to assess the economic effects of the US bilateral FTAs negotiated with Central America, Australia and Morocco. The model covers 18 economic...
Computational Analysis of the Menu of US-Japan Trade Policies
Drusilla K. Brown, Kozo Kiyota, Robert M. Stern
We have used the Michigan Computable General Equilibrium (CGE) Model of World Production and Trade to calculate the aggregate welfare and sectoral employment effects of the menu of US-Japan trade...
Exchange Rate, Exchange Rate Volatility and Foreign Direct Investment
In the light of the importance of foreign direct investment (FDI) for the promotion of economic development, this paper examines the impact of the changes in the real exchange rate and its volatility...
The Role of Multinational Firms in International Trade: The Case of Japan
This paper examines the role of multinational firms in international trade using firm-level panel data for Japanese firms between 1994 and 2000. Our results indicate that multinational firms dominate...
Kozo Kiyota, Toshiyuki Matsuura, Shujiro Urata, Yuhong Wei
This paper examines the determinants of the backward vertical linkages of Japanese foreign affiliates in manufacturing for the period 1994-2000, focusing on the local backward linkages, or local...
The Case for Financial Sector Liberalization in Ethiopia
Kozo Kiyota, Barbara Peitsch, Robert M. Stern
This paper focuses on issues of financial sector liberalization in Ethiopia, with reference in particular to the Ethiopian banking sector. We identify two factors that may constrain Ethiopia’s...
We examine the cause and effect of technology acquisition policy on firm performance, using firm-level data between 1957 and 1970. Our results indicate that in the technology acquisition licensing,...
The Role of Multinational Firms in International Trade: The Case of Japan
This paper examines the role of multinational firms in international trade, using firm-level panel data for Japanese firms between 1994 and 2000. Our results indicate that multinational firms...
Kozo Kiyota, Toshiyuki Matsuura, Shujiro Urata, Yuhong Wei
This paper examined the determinants of the backward vertical linkages of Japanese foreign affiliates in manufacturing for the period 1994-2000, focusing on the local backward linkages, or local...
Surprisingly, nearly 70 percent of Japanese manufacturing firms do not invest in Research and Development (R&D). Using firm-level longitudinal data in Japan, this paper asks why many firms can...
Exports, FDI, and Productivity: Dynamic Evidence from Japanese Firms
Multinational enterprises, panel data, firm heterogeneity, total factor productivity, firm survival,
An Assessment of the Economic Effects of the Menu of U.S. Trade Policies
The Michigan Computable General Equilibrium (CGE) Model of World Production and Trade is used to calculate the aggregate welfare and sectoral employment effects of the menu of U.S. trade policies....
An Assessment of the Economic Effects of the Menu of U.S. Trade Policies
The Michigan Computable General Equilibrium (CGE) Model of World Production and Trade is used to calculate the aggregate welfare and sectoral employment effects of the menu of U.S. trade policies....
"Industrial Policy Cuts Two Ways: Evidence from Cotton Spinning Firms in Japan, 1953-1979"
A number of studies have revealed that the effect of industrial policy on productivity growth is negative. Is this because industrial policy fails to control the activities of firms, or because it...
The role of multinational firms in international trade: The case of Japan
This paper examines the role of multinational firms in international trade using firm-level panel data for Japanese firms between 1994 and 2000. Our results indicate that multinational firms dominate...
An Analysis of a US-Southern African Customs Union (SACU) Free Trade Agreement
Brown, Drusilla K., Kiyota, Kozo, Stern, Robert M.
Summary This paper analyzes the potential economic effects of bilateral negotiations for an FTA between the United States and the Southern African Customs Union (SACU). The US-SACU FTA bilateral...
Kiyota, Kozo, Matsuura, Toshiyuki, Urata, Shujiro, Wei, Yuhong
Summary This paper examines the determinants of the backward vertical linkages of Japanese foreign affiliates in manufacturing for the period 1994-2000, focusing on the local backward linkages, or...
KOZO KIYOTA, TOSHIYUKI MATSUURA, SHUJIRO URATA
This paper empirically examines the impacts of exchange rate volatility on the location choice by Japanese multinational corporations (MNCs) and their intra-firm trade. We use affiliate-level data...
Paths of Development and Wage VariationsPaths of Development and Wage Variations
In analyzing the relationship between factor endowments and sectoral percapita output (the path of development), Schott (2003) showed empirically that the number of cones was neither one nor three...
The Case for Financial Sector Liberalization in Ethiopia
Kozo Kiyota, Barbara Peitsch, Robert M. Stern
Volume 1, Making the Rules, covers: trade-related aspects of intellectual property rights (TRIPS); the multilateral agreement on investment (MAI); fast track/trade promotion authority; the 1999...
Issues in U.S.-ROK Economic Relations Issues in U.S.-ROK Economic Relations
This paper builds on the analysis of Kiyota and Stern (2007) of the economic effects of a KoreaU.S. free trade agreement (KORUSFTA). We review the objectives and main features of the KORUSFTA as...
The empirical literature on trade liberalization reflects two puzzles. First, the effect of trade liberalization on economic growth is ambiguous. Second, the effect of trade liberalization by...
The empirical literature on trade liberalization reflects two puzzles. First, the effect of trade liberalization on economic growth is ambiguous. Second, the effect of trade liberalization by...
Measurement of the market power of firms: the Japanese case in the 1990s
Kozo Kiyota, Takanobu Nakajima, Kiyohiko G. Nishimura
This article presents a new simple econometric framework for the estimation of individual firms' markup over their marginal cost, taking account of firm heterogeneity, demand-driven cyclical price...