Séminaire KTO-OFCE-GREDEG - Toshiyuki Matsuura (Keio University)

"Multinationals, Intra firm trade, and Employment Volatility"
Quand ? Le 16-05-2017,
de 12:15 à 13:15
Où ? SKEMA - Room 278
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Séminaire KTO-OFCE-GREDEG - Toshiyuki Matsuura (Keio University, Japan)


Speaker: Toshiyuki Matsuura, Keio University, Japan.

Visiting Professor at UCA, GREDEG

 

Title: "Multinationals, Intrarm Trade, and Employment Volatily"

 

Abstract: This paper examines the theoretically ambiguous relationship between the volatility of employment growth and the foreign exposure of rms. We employ unique Japanese rm-level data over the period 19942012. This allows us to investigate any differences in this relationship across multinational firms and trading and nontrading firms, manufacturing and wholesale trade, and intrarm and interrm trade. One major finding is that in manufacturing, employment volatility increases as the share of intrarm exports to total sales increases. In contrast, in wholesale trade, employment volatility declines as the share of intrarm imports to total imports increases. The results suggest that a greater share of intrarm trade could magnify foreign demand shocks in manufacturing, whereas it could mitigate foreign supply shocks in wholesale trade. 

 

joint with Yoshio Higuchi & Kozo Kiyota

Download full paper