A study on the spatial pattern of Japan's foreign direct investment and its relationship with export trade
Since the 21st century,Japan's economy has been in a downturn,but its outward for-eign direct investment has shown a growing trend,and its spatial pattern and its relationship with Japanese exports have also shown different characteristics from those of the 1990s.This article analyzed the global pattern of Japan's outward foreign direct investment since the 21st century based on the flow and stock data of Japan's outward foreign direct investment;and took three main regions of Japanese OFDI destinations as examples,this article conducted a Granger cau-sality test on the relationship between Japan's OFDI and its exports.The results are as follows:①From 2000 to 2022,the global pattern of Japan's OFDI underwent three stages:"Asia rising and Europe falling","Europe and America rebounding and Asia stabilizing",and"North America rising and Europe Asia falling";The U.S.had been the biggest destination in attracting Japanese OFDI;China's Japanese OFDI had experienced fast increase for nearly twenty years,but its in-crease rate had slowed down;② Granger causality test shows that there are regional differences between Japan's outward foreign direct investment and its exports:Japan's direct investment in East Asia and Southeast Asia has a promoting effect on its exports;Japan's direct investment in Europe has a substitute effect on its exports;There is no causal relationship between direct in-vestment in North America and Japan's export to this region;③ The differences in industrial structure of Japan's direct investment in the three major regions and the procurement sources of Japanese overseas enterprises in the three regions can explain the differences in the Granger cau-sality test in the three regions.The study of the relationship between Japan's outward foreign di-rect investment and export trade can provide reference for China to formulate outward foreign di-rect investment policies.
JapanOFDI(outward foreign direct investment)exportGranger causality test
NETL
NSTL
万方数据
