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Research Activities

Research Projects

FY 2008/2009 Research Topic: 1-07
Economic Integration and Vertical Specialization in East Asia

Outline

Over the past several decades, the volume of world trade has grown rapidly. Increase in intermediate goods trade has been pointed out as the possible factor which explains world trade growth. Increase in intermediate trade rise when multinational firms start to fragment their production process geographically. Since 1990s, new trade theory has been utilized in order to explain this phenomenon.

East Asia has deepened its industrial linkage since 1980s. Tariff on intermediate goods trade has been reduced and international barrier among countries are now being dissolved since then. Consequently, multinational firms start to install each stage of the production in neighboring countries, utilizing characteristics of each country.

In this research project, we will empirically examine how trade cost, wage inequality, and difference of factor intensity affect vertical specialization and economic integration.

Organizer

HIRATSUKA Daisuke

Members of the Research Project

HIRATSUKA Daisuke
KEOLA Souknilanh
HAYAKAWA Kazunobu
OZEKI Hiromichi
UCHIDA Yoko
KIMURA Fukunari (Professor of Economics, Keio University)
MATSURA Toshiyuki (Assisitan Professor, Institute of Economic Research, Hitotsubashi University)
YOKOTA Kazuhiko (Research Associate Professor, International the International Center for the Study of East Asian Development)

Publications