Institute of Economic Research Hitotsubashi University

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FUKAO, Kyoji (Professor)

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Institute of Economic Research Hitotsubashi University

2-1 Naka, Kunitachi City,
Tokyo 186-8603, JAPAN

Tel +81 42 580 8327

Fax +81 42 580 8333

Papers and Publications

[Article]

（* = referred articles）

Fukao, K., “Service Sector Productivity in Japan: The Key to Future Economic Growth,” in Tcha M.J. ed., The Service Sector Advancement: Issues and Implications for the Korean Economy, 2010 KDI International conference which was held in February 4-5, 2010, Chapter 2-2, September 2010, pp. 92-109.

* Fukao, K., Inui, T., Ito, K., Kim, Y.G., and Yuan, T., “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, May 2011, pp. 127-150.

* Yamashita, N. and Fukao, K., “Expansion abroad and jobs at home: Evidence from Japanese multinational enterprises,” Japan and the World Economy, Vol. 22, No. 2, Elsevier, March 2011, pp. 88-97.

Dekle, R. and Fukao, K., with the assistance of Ungor, M., “The Japan-US Exchange Rate, Productivity, and the Competitiveness of Japanese Industries,” in Hamada, K., Kashyap, A.K., and Weinstein, D.E., eds., Japan’s Bubble, Deflation, and Long-term Stagnation, The MIT Press, London, January 2011, pp. 105-128.

* Ito, K. and Fukao, K., “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, December 2010, pp. 1639-1671.

Yamashita, N. and Fukao, K., “The Effects of Overseas Operations on Home Employment of Japanese Multinational Enterprises,” in Gaston, N. and Khalid, A.M., eds., Globalization and Economic Integration, Edward Elgar, September 2010, pp. 254-281.

* Fukao, K., Wu, H.X., and Yuan, T., “Comparative Output and Labour Productivity in Manufacturing for China, Japan, Korea and the United States in Circa 1935 by a Production PPP Approach,” Exploration in Economic History, Vol. 47, Issue 3, July, 2010, pp. 325–346.

* Fukao, K., Miyagawa, T., Mukai, K., Shinoda, Y., and Tonogi, K., “Intangible Investment in Japan: Measurement and Contribution to Economic Growth,” The Review of Income and Wealth, volume 55, issue 3, September 2009, pp. 717-736.

* Yuan, T., Settsu, T., Bassino J.P., and Fukao, K., "Gross Prefectural Domestic Product and Industrial Structure in Pre-war Japan," The Economic Review, 60(2), April 2009, pp. 163-189.

* Belderbos, R., Fukao, K., and Iwasa,T., “Foreign and Domestic R&D Investment,” Economics of Innovation and New Technology, volume 18, issue 4, June 2009, pp. 369-380.

Athukorala, P.C, Fukao, K., and Yuan, T., “Economic Transition and Labour Market Integration in China,” in Garnaut, R., Song, L, and Woo W.T., eds., China’s New Place in a World in Crisis, Brookings Institution Press, Part II, ph. 10, June 2009, pp. 179-207.

* Fukao, K. and Kwon, H.U., “Why Did Japan’s TFP Growth Slow Down in the Lost Decade? An Empirical Analysis Based on Firm-Level Data of Manufacturing Firms,” Japanese Economic Review, 57(2), June 2006, pp. 195-228.

Fukao, K., Ma, D., and Yuan, T., “International Comparison in Historical Perspective: Reconstructing the 1934-36 Benchmark Purchasing Power Parity for Japan, Korea and Taiwan,” Explorations in Economic History, 43(2), April 2006, pp. 280-308.

* Fukao, K., Nishimura, K.G., Sui, Q.Y., and Tomiyama, M., “Japanese Banks’ Monitoring Activities and the Performance of Borrower Firms: 1981-1996,” International Economics and Economic Policy, 2(4), December 2005, pp. 337-362.

* Ito, K. and Fukao, K., “Foreign Direct Investment and Trade in Japan: An Empirical Analysis Based on the Establishment and Enterprise Census for 1996,” the Journal of the Japanese and International Economies, 19(3), September 2005, pp. 415-455.

* Fukao, K., Ito, K., and Kwon, H.U., “Do Out-In M&As Bring Higher TFP to Japan?: An Empirical Analysis Based on Micro-data on Japanese Manufacturing Firms,” the Journal of the Japanese and International Economies, 19(2), April 2005, pp. 272-301.

* Ahn, S., Fukao, K., and Kwon, H.U., “The Internationalization and Performance of Korean and Japanese Firms: An Empirical Analysis Based on Micro-data,” Seoul Journal of Economics, 17(4), March 2005, pp. 439-482.

Fukao, K., Kataoka, G., and Kuno, A., “How to Measure Non-tariff Barriers? A Critical Examination of the Price-Differential Approach,” in Ahn, C.Y., Cheong, I., Fukagawa, Y., and Ito, T., eds., Toward a Model Case for East Asian Economic Integration, Korea Institute for International Economic Policy (KIEP), 2005.

Fukao, K., Inui, T., Kawai, H., and Miyagawa, T., “Sectoral Productivity and Economic Growth in Japan, 1970-98: An Empirical Analysis Based on the JIP Database,” in Ito, T. and Rose, A., eds., Growth and Productivity in East Asia, NBER-East Asia on Economics, Volume 13, The University of Chicago Press, May 2004.

Ito, K. and Fukao, K., “Physical and Human Capital Deepening and New Trade Patterns in Japan,” in Ito, T. and Rose, A., eds., International Trade, NBER-East Asia on Economics, Vol. 14, the University of Chicago Press, Cambridge, MA, January 2004.

* Fukao, K., Ishido, H., and Ito, K., “Vertical Intra-Industry Trade and Foreign Direct Investment in East Asia,” Journal of the Japanese and International Economies, 17, December 2003, pp. 468-506.

* Fukao, K., Okubo, T., and Stern, R.M., “An Econometric Analysis of Trade Diversion under NAFTA,” North American Journal of Economics and Finance, 14(1), March 2003. pp. 3-24.

Chigira, M. and Fukao, K., “On the Japanese Contribution to the Equalization of World Income,” Hitotsubashi Journal of Economics, 43(1), June 2002, pp. 19-39.

* Capannelli, G., Belderbos, R., and Fukao, K., “Backward Vertical Linkages of Foreign Manufacturing Affiliates: Evidence from Japanese Multinationals,” World Development, 29(1), 2001, pp. 189-208.

Fukao, K., “How Japanese Subsidiaries in Asia Responded to the Regional Crisis: An Empirical Analysis Based on the MITI Survey,” in Ito, T. and Krueger, A.O., eds., Regional and Global Capital Flows: Macroeconomic Causes and Consequences: East Asia Seminar on Economics Volume 10, The University of Chicago Press, 2001, pp. 267-310.

Fukao, K., Izawa, T., Kuninori, M., and Nakakita, T., “R&D Investment and Overseas Production: An Empirical Analysis of Japan's Electric Machinery Industry Based on Corporate Data,” Monetary and Economic Studies, 12(2), Bank of Japan, December 1994. pp. 1-60.

* Fukao, K. and Hamada, K., “International Trade and Investment under Different Rates of Time Preference,” Journal of the Japanese and International Economies, 1994, pp. 22-52.

* Fukao, K. and Benabou, R., “History versus Expectations: A Comment,” The Quarterly Journal of Economics, 108, May 1993. pp. 536-542.

* Fukao, K. and Otaki, M., “Accumulation of Human Capital and the Business Cycle,” Journal of Political Economy, 101(1), February 1993, pp.73-99.