FUKAO Kyoji

FUKAO Kyoji

FUKAO Kyoji
[Belonging・Position] IDE-JETRO ・President, Professor Emeritus, Hitotsubashi University, and Specially Appointed Professor, IER, Hitotsubashi University
[Research Field] International Economics, Productivity, Quantitative Economic History
[email] Kyoji_Fukao@ide.go.jp

Education / Research Experience

Education:
B.A. (Economics), Department of Economics, The University of Tokyo, 1979
M.A. (Economics), Graduate School of Economics, The University of Tokyo, 1984
Professional Career:
Lecturer, Department of Economics, Seikei University, 1984
Lecturer, Institute of Economic Research, Hitotsubashi University, 1986
Associate Professor, Institute of Economic Research, Hitotsubashi University, 1989
Professor, Institute of Economic Research, Hitotsubashi University, 1999
Member of the Advisory Committee for the National Accounts, Cabinet Office, Government of Japan, 2003-2009
Adviser, Maddison Project, University of Groningen, 2010
Program Director, Research Institute of Economy, Trade and Industry (RIETI), 2011
Member of the Executive Committee, Asian Historical Economics Society (AHES), 2012
Director, Institute of Economic Research, Hitotsubashi University, 2013-2015
The president of the Joint Usage / Research Center Council, Ministry of Education, Culture, Sports, Science and Technology Japan, 2014-2015
Vice-director at Hitotsubashi Institute for Advanced Studies, 2014-2020
Head, Research Centre for Information and Statistics of Social Science, IER, Hitotsubashi University, 2017-2019
Director, Research Center for Global Economic Systems (GLECS), HIAS, Hitotsubashi University, 2018-2020
Director of IDE Advanced School, 2018-2019
President, Institute of Developing Economies, Japan External Trade Organization (IDE–JETRO), 2018-
Professor Emeritus, Hitotsubashi University, and Specially Appointed Professor, IER, Hitotsubashi University, 2020-

Major Works 

* denotes that the paper was published in a journal or publication using a referee system

  • Fukao, Kyoji, ed., Service Sector Productivity and the Japanese Economy: Empirical Analysis Based on the JIP Database and Its Policy Implications, University of Tokyo Press, September 2021 (in Japanese).
  • *Fukao, Kyoji, Tatsuji Makino, and Tokihiko Settsu, “Human Capital and Economic Growth in Japan: 1885–2015,” Journal of Economic Surveys, Vol. 3, Issue 3, pp. 710–740, July 2021. (First published 20 April 2021.) DOI: http://doi.org/10.1111/joes.12419
  • Broadberry, Stephen and Kyoji Fukao, eds., The Cambridge Economic History of the Modern World, Volume 1, 1700 to 1870, Cambridge University Press, June 2021. DOI: https://doi.org/10.1017/9781316671566
  • Broadberry, Stephen and Kyoji Fukao, eds., The Cambridge Economic History of the Modern World, Volume 2, 1870 to the Present, Cambridge University Press, June 2021. DOI: https://doi.org/10.1017/9781316671603
  • *Fukao, Kyoji and Cristiano Perugini, “The Long-Run Dynamics of the Labor Share in Japan,” The Review of Income and Wealth, Vol. 67, Issue 2, pp. 445–480, June 2021. (First published: 20 May 2020.) DOI: https://doi.org/10.1111/roiw.12465
  • *Fukao, Kyoji, YoungGak Kim, and HyeogUg Kwon, “The Causes of Japan’s Economic Slowdown: An Analysis Based on the Japan Industrial Productivity Database,” International Productivity Monitor, Number 40, pp. 56–88, Spring, June 2021. http://www.csls.ca/ipm/40/IPM_40_Fukao.pdf
  • *Fukao, Kyoji and Saumik Paul, “Baumol, Engel, and Beyond: Accounting for a Century of Structural Transformation in Japan, 1885–1985,” Economic History Review, Vol. 74, Issue 1, pp. 164–180, February 2021. (First published: 28 August 2020.) DOI: https://doi.org/10.1111/ehr.13021
  • *Fukao, Kyoji, Tatsuji Makino, and Tokihiko Settsu, “Structural Change, Capital Deepening, and TFP Growth in Japan: 1885–1970,” Social Science Japan Journal, Vol. 23, Issue 2, pp. 185–204, Summer 2020. (Special Issue: Economic History of Japan) DOI: https://doi.org/10.1093/ssjj/jyaa014
  • Fukao, Kyoji, Japan’s Economic Growth and Stagnation in Global Historical Perspective: 1868–2018 [Sekai Keizaishi kara mita Nihon no Seicho to Teitai – 1868–2018], Iwanami Shoten, March 2020 (in Japanese). This book was selected as no. 4 of the 10 best economics books in 2020 by the Japanese business magazine Diamond Weekly.
  • *Bassino, Jean-Pascal, Stephen Broadberry, Kyoji Fukao, Bishnupriya Gupta, and Masanori Takashima, “Japan and the Great Divergence, 730–1874,” Explorations in Economic History, Vol. 72, pp. 1–22, April 2019. DOI: https://doi.org/10.1016/j.eeh.2018.11.005 (Economic History Association Larry Neal Prize 2019, September 2019).
  • Fukao, Kyoji, Naofumi Nakamura, and Masayuki Nakabayashi eds., Iwanami Koza “Nihon Keiza no Rekishi” 6 volumes, Iwanami Shoten, 2017-2018 (in Japanese).
  • *Fukao, Kyoji, Kenta Ikeuchi, YoungGak Kim, and Hyeog Ug Kwon, “Innovation and Employment Growth in Japan: Analysis Based on Microdata from the Basic Survey of Japanese Business Structure and Activities,” The Japanese Economic Review, Vol. 68, No. 2, pp. 200–216, June 2017. DOI: https://doi.org/10.1111/jere.12146.
  • Jorgenson, Dale W., Kyoji Fukao, and Marcel P. Timmer, eds., The World Economy, Growth or Stagnation? Cambridge University Press, November 2016.
  • *Fukao, Kyoji and Tangjun Yuan, “China’s Growth Slowdown: Lessons from Japan’s Experience and the Expected Impact on Japan, the USA and Germany,” China & World Economy, Vol. 24, Issue 5, pp. 122–146, September–October 2016. DOI: https://doi.org/10.1111/cwe.12177
  • *Fukao, Kyoji, Kenta Ikeuchi, YoungGak Kim, and Hyeog Ug Kwon, “Why Was Japan Left Behind in the ICT Revolution?” Telecommunications Policy, Vol. 40, Issue 5, pp. 432–449, May 2016.
  • Fukao, Kyoji, Jean-Pascal Bassino, Tatsuji Makino, Ralph Paprzycki, Tokihiko Settsu, Masanori Takashima and Joji Tokui, Regional Inequality and Industrial Structure in Japan: 1874–2008, Maruzen, Tokyo, March 2015.
  • *Fukao, Kyoji, “Explaining Japan’s Unproductive Two Decades,” Asian Economic Policy Review, Vol. 8, Issue 2, pp. 193–213, December 2013
  • *Belderbos, René, Kyoji Fukao, Keiko Ito, and Wilko Letterie, “Global Fixed Capital Investment by Multinational Firms,” Economica, Vol. 80, Issue 318, pp. 274–299, April 2013. (Article first published online: December 2012.)
  • *Fukao, Kyoji and Tangjun Yuan, “China’s Economic Growth, Structural Change and the Lewisian Turning Point,” Hitotsubashi Journal of Economics, Vol. 53, Issue 2, pp. 147–176, December 2012.
  • Fukao, Kyoji, The Structural Causes of Japan’s “Two Lost Decades”: Forging a New Growth Strategy [“Ushinawareta20nen” to Nihonkeizai: Kozoteki Genin to Saisei no Gendo Ryoku], Nikkei Publishing Inc., Tokyo, March 2012 (in Japanese). Winner of the 55th Nikkei Economics Book Award.
  • * Fukao, Kyoji and Hyeog Ug Kwon, “Who Creates Jobs in Japan: An Empirical Analysis Based on the Establishment and Enterprise Census,” The Economic Review, Vol. 63, No. 1, pp. 70–93, Institute of Economic Research, Hitotsubashi University, January 2012 (in Japanese).
  • *Fukao, Kyoji and Toshihiro Okubo, “Why Has the Border Effect in the Japanese Machinery Sectors Declined? The Role of Business Networks in East Asian Machinery Trade,” Journal of Economic Integration, Vol. 26, No. 4, pp. 651–671, December 2011.
  • *Fukao, Kyoji, Tomohiko Inui, Keiko Ito, YoungGak Kim, and Tangjun Yuan, “An International Comparison of the TFP Levels and the Productivity Convergence of Japanese, Korean, Taiwanese, and Chinese Listed Firms,” Journal of Chinese Economic and Business Studies, Vol. 9, No. 2, pp. 127–150, May 2011.
  • Dekle, Robert and Kyoji Fukao, with the assistance of Murat Ungor, “The Japan–US Exchange Rate, Productivity, and the Competitiveness of Japanese Industries,” in Koichi Hamada, Anil K. Kashyap, and David E. Weinstein, eds., Japan’s Bubble, Deflation, and Long-Term Stagnation, pp. 105–128, MIT Press, London, January 2011.
  • *Ito, Keiko and Kyoji Fukao, “Determinants of the Profitability of Japanese Manufacturing Affiliates in China and Other Regions: Does Localisation of Procurement, Sales, and Management Matter?” The World Economy, Vol. 33, Issue 12, pp. 1639–1671, December 2010.
  • *Yuan, Tangjun, Kyoji Fukao, and Harry X. Wu, “Comparative Output and Labor Productivity in Manufacturing between China, Japan, Korea and the United States for ca. 1935: A Production-Side PPP Approach,” Explorations in Economic History, Vol. 47, Issue 3, pp. 325–346, July 2010.
  • *Yamashita, Nobuaki and Kyoji Fukao, “Expansion Abroad and Jobs at Home: Evidence from Japanese Multinational Enterprises,” Japan and the World Economy, Vol. 22, No. 2, pp. 88–97, March 2010.
  • *Fukao, Kyoji, Tsutomu Miyagawa, Kentaro Mukai, Yukio Shinoda, and Konomi Tonogi, “Intangible Investment in Japan: Measurement and Contribution to Economic Growth,” The Review of Income and Wealth, Vol. 55, Issue 3, pp. 717–736, September 2009.
  • *Belderbos, René, Kyoji Fukao, and Tomoko Iwasa, “Foreign and Domestic R&D Investment,” Economics of Innovation and New Technology, Vol. 18, Issue 4, pp. 369–380, June 2009.
  • Paprzycki, Ralph and Kyoji Fukao, Foreign Direct Investment in Japan: Multinationals’ Role in Growth and Globalization, Cambridge University Press, March 2008.
  • Fukao, Kyoji and Tsutomu Miyagawa, Seisansei to Nihon no Keizai Seicho: JIP Database ni yoru Sangyo・Kigyo Level no Jissho Bunseki [Productivity and Japan’s Economic Growth: Industry-Level and Firm-Level Studies Based on the JIP Database], The University of Tokyo Press, March 2008 (in Japanese).
  • *Fukao, Kyoji, Debin Ma, and Tangjun Yuan, “Real GDP in Pre-War East Asia: A 1934–36 Benchmark Purchasing Power Parity Comparison with the U.S.,” The Review of Income and Wealth, Vol. 53, Issue 3, pp. 503–537, September 2007.
  • *Fukao, Kyoji and Hyeog Ug Kwon, “Why Did Japan’s TFP Growth Slow Down in the Lost Decade? An Empirical Analysis Based on Firm-Level Data of Manufacturing Firms,” The Japanese Economic Review, Vol. 57, Issue 2, pp. 195–228, June 2006.
  • *Kyoji, Fukao, Debin Ma, and Tangjun Yuan, “International Comparison in Historical Perspective: Reconstructing the 1934–36 Benchmark Purchasing Power Parity for Japan, Korea and Taiwan,” Explorations in Economic History, Vol. 43, Issue 2, pp. 280–308, April 2006.
  • *Fukao, Kyoji, Kozo Kiyota, and Ximing Yue, “China’s Long-Term International Trade Statistics: By Commodity, 1952–1964 and 1981–2000,” Journal of International Economic Studies, Vol. 20, pp. 75–88, March 2006.
  • *Fukao, Kyoji, Keiko Ito, and Hyeog Ug Kwon, “Do Out-In M&As Bring Higher TFP to Japan? An Empirical Analysis Based on Micro-Data on Japanese Manufacturing Firms,” Journal of the Japanese and International Economies, Vol. 19, Issue 2, pp. 272–301, June 2005.
  • *Fukao, Kyoji and Yukako Murakami, “Do Foreign Firms Bring Greater Total Factor Productivity to Japan?” Journal of the Asia Pacific Economy, Vol. 10, Issue 2, pp. 237–254, May 2005.
  • *Fukao, Kyoji, Kiyohiko G. Nishimura, Qing-Yuan Sui, and Masayo Tomiyama, “Japanese Banks’ Monitoring Activities and the Performance of Borrower Firms: 1981–1996,” International Economics and Economic Policy, Vol. 2, Issue 4, pp. 337–362, December 2005.
  • *Ito, Keiko and Kyoji Fukao, “Foreign Direct Investment and Trade in Japan: An Empirical Analysis Based on the Establishment and Enterprise Census for 1996,” Journal of the Japanese and International Economies, Vol. 19, Issue 3, pp. 414–455, September 2005.
  • Fukao, Kyoji and Tomofumi Amano, Tainichi Chokusetsu Toshi to Nihon Keizai [Foreign Direct Investment and the Japanese Economy], Nikkei Publishing Inc., Tokyo, 2004 (in Japanese). Winner of the 6th NIRA Ookita-Seisaku Award.
  • *Fukao, Kyoji, Hikari Ishido, and Keiko Ito, “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, December 2003.
  • *Capannelli, Giovanni, René Belderbos, and Kyoji Fukao, “Backward Vertical Linkages of Foreign Manufacturing Affiliates: Evidence from Japanese Multinationals,” World Development, Vol. 29, Issue 1, pp. 189–208, 2001.

Other Information

Membership of Academic Societies

Japanese Economic Association

E-mail

Kyoji_Fukao E-mail