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Does It Matter Where You Invest? The Impact of FDI on Domestic Job Creation and Destruction

Author

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  • BiN Ni

    (Faculty of Economics, Hosei University, Machida, Tokyo, Japan.)

  • Hayato Kato

    (Graduate School of Economics, Osaka University)

  • Yang Liu

    (Research Institute of Economy, Trade and Industry (RIETI))

Abstract

This study uses unique division-level data of Japanese firms to examine how foreign direct investment (FDI) affects domestic employment. Contrary to most previous studies focusing on the effect on net employment growth, we decompose it into gross job creation and gross job destruction. We find that FDI destination plays an important role: FDI to Asia increases job creation, while FDI to Europe or North America decreases it. A frictional search-and-matching model with heterogeneous jobs can explain the differential effects. The model provides additional predictions on job creation and destruction by job type, which are also empirically confirmed.

Suggested Citation

  • BiN Ni & Hayato Kato & Yang Liu, 2021. "Does It Matter Where You Invest? The Impact of FDI on Domestic Job Creation and Destruction," Discussion Papers in Economics and Business 20-18, Osaka University, Graduate School of Economics.
    • Handle: RePEc:osk:wpaper:2018
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    More about this item

    Keywords

    Outward FDI; firm-establishment-division-level data; multinational enterprises(MNEs); large-firm search model; high/low-skilled jobs;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand

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