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An English translation is not available.Book to Open a New Horizon in International Trade TheorySince 2000, studies on international trade and foreign direct investment (FDI) have developed from the national, industry, and goods levels to the level of firms, with considerable progress in both theoretical and empirical analysis. This resulted because firms, major players in international trade and FDI, have attracted attention for their heterogeneity in productivity levels and other various measures of firm performance. This book compiles the results of our theoretical and empirical studies focusing on the factors that have contributed to the internationalization of firms, which are heterogeneous in productivity levels. A key feature of our study, as in the recent studies conducted in Europe and the United States, is the revealing of the relationship between firm heterogeneity and internationalization based on large-scale panel data on Japanese firms. The Japanese firms that go abroad are highly productive and large in scale, like their European and U.S. counterparts. In addition, we reveal that industry characteristics, firm characteristics other than productivity such as knowledge of and experience in international markets, the scale and potential of destination markets, compatibility with local managers, and the status of legal systems such as conditions for making contracts also influence the internationalization of Japanese firms. This book reveals the impact of these factors through empirical analysis based on large-scale data as well as theoretical analysis. Furthermore, global trends and current problems in theoretical and empirical studies on firm heterogeneity and internationalization are reviewed. It would be the authors' greatest pleasure if this book could help readers analyze the increasingly globalized economy and open a new horizon in the study of international trade.>> Original text in Japanese Author WAKASUGI Ryuhei Publications RIETI Books (English) RIETI Books (Japanese) History of Japan's Trade and Industry Policy Authors' Words Other Publications (English) Other Publications (Japanese) Communications Newsletter RSS Feed Facebook X YouTube Research Areas Research Programs (FY2024-2028) Research Programs (FY2020-2023) Research Programs (FY2016-2019) Research Programs (FY2011-2015) Policy Research Domains (FY2006-2010) Projects Survey Fellows Research/Policy Papers Discussion Papers (English) Discussion Papers (Japanese) Policy Discussion Papers (English) Policy Discussion Papers (Japanese) Technical Papers (English) Technical Papers (Japanese) Non Technical Summaries List of Articles in Journals Research Digest Discussion Papers Search Publications RIETI Books (English) RIETI Books (Japanese) History of Japan's Trade and Industry Policy Authors' Words Other Publications (English) Other Publications (Japanese) Events Symposiums Workshops BBL Seminars Archived Seminar Series Data JIP Database R-JIP Database CIP Database Industry-Specific Nominal and Real Effective Exchange Rates AMU and AMU Deviation Indicators JSTAR RIETI-TID RIETI FDI Database ICPA Project Links Articles Column Special Series Newspapers & Magazines Fellows' Works VoxEU Column From IZA Perspectives from Around the World Other Contents RIETI Report Policy Update Keizai Sangyo Journal (METI Journal) About RIETI Privacy Policy Site Policy Site Map Help Contact METI Web Site Research Institute of Economy, Trade and Industry, IAA (JCN 6010005005426)JCN: Japan Corporate Number Opinions expressed or implied on this website are solely those of the author, and do not necessarily represent the views of the Research Institute of Economy, Trade and Industry (RIETI).Titles, numbers, specific names, etc. on this website are as of the date of publication. 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