Exchange rate volatility and MNCs' production and distribution networks: The case of Japanese manufacturing MNCs

Kozo Kiyota, Toshiyuki Matsuura, Shujiro Urata

研究成果: Article査読

9 被引用数 (Scopus)

抄録

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 for Japanese MNCs for 1995, 1998 and 2001. We found that high exchange rate volatility discourages the establishment of an affiliate by MNCs. Moreover, the high exchange rate volatility causes the shift from inter-firm to intra-firm transactions. These findings imply the importance of maintaining a stable exchange rate environment in order for MNCs to expand their production and distribution networks.

本文言語English
ページ(範囲)523-538
ページ数16
ジャーナルSingapore Economic Review
53
3
DOI
出版ステータスPublished - 2008

ASJC Scopus subject areas

  • 経済学、計量経済学

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