Does it matter where you invest? The impact of foreign direct investments on domestic job creation and destruction
Does it matter where you invest? The impact of foreign direct investments on domestic job creation and destruction
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投资哪里重要吗？
DOI：
10.1111/twec.13297
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发表时间：
2022
期刊：
影响因子：
--
通讯作者：
Yang Liu
中科院分区：
文献类型：
--
作者：
Bin Ni;Hayato Kato;Yang Liu
本研究通过使用日本企业独特的部门水平数据来考察外国直接投资（FDI）如何影响国内就业。与以往大多数关注FDI对净就业增长影响的研究相反，我们将其分解为每个企业的就业创造（JC）和就业破坏（JD）。研究发现，FDI目的地起着重要作用：对亚洲的FDI增加了JC，而对欧洲/北美的FDI降低了JC；此外，无论外国直接投资的目的地是哪里，JD都会下降。一个具有异质工作的摩擦搜索和匹配模型可以解释差异效应。该模型提供了工作类型对JC和JD的额外预测，也得到了经验证实。
This study examines how foreign direct investment (FDI) affects domestic employment by using unique division‐level data of Japanese firms. Contrary to most previous studies focusing on the effect of FDI on net employment growth, we decompose it into job creation (JC) and job destruction (JD) for each individual firm. We find that FDI destination plays an important role: FDI to Asia increases JC, whereas FDI to Europe/North America decreases it; furthermore JD decreases, regardless of FDI destination. A frictional search‐and‐matching model with heterogeneous jobs can explain the differential effects. The model provides additional predictions on JC and JD by job type, which are also empirically confirmed.