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Currency Devaluation and Global Outsourcing
https://iuj.repo.nii.ac.jp/records/365
https://iuj.repo.nii.ac.jp/records/3659078785c-0a9f-4894-966d-0b386abecee8
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
EMS_2003_04 (141.0 kB)
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| Item type | 紀要論文 / Departmental Bulletin Paper(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2003-10-01 | |||||
| タイトル | ||||||
| タイトル | Currency Devaluation and Global Outsourcing | |||||
| タイトル | ||||||
| タイトル | Currency Devaluation and Global Outsourcing | |||||
| 言語 | en | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | FDI Outsourcing | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Exchange Rate | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Product Differentiation | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | China | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | FDI Outsourcing | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | Exchange Rate | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | Product Differentiation | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | China | |||||
| 資源タイプ | ||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||
| 資源タイプ | departmental bulletin paper | |||||
| 著者 |
Zhao, Laixun
× Zhao, Laixun× Xing, Yuqing× Zhao, Laixun× Xing, Yuqing |
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| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | This paper models the production allocation choices of a multinational enterprise (MNE) in a three-country framework -- a northern country and two southern countries. The products made in the southern countries are of lower quality, and have higher substitutability than those between the south and the north. We investigate how exchange rate changes affect production, employment, profits and welfare, and find that currency devaluation from different countries gives a rise to contrasting and unconventional results. In particular, a currency appreciation in the southern country (X) producing the lowest-quality good with the lowest wage may reduce production (employment) in the north, while an appreciation in the other southern currency (Y) always raises production in the north. A northern depreciation against both southern currencies may increase production in country X, but always reduces that in country Y. These arise because the MNE shifts production to minimize costs. Under such global outsourcing, northern welfare always falls following currency appreciation in southern countries. | |||||
| 書誌情報 |
en : Economics & Management Series 発行日 2003-10-01 |
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