日元升值与日本家电厂商的碎片化生产
发布时间：2018-08-11 19:02
【摘要】：日本家电行业曾经是日本的明星行业,近年来家电行业国际竞争力逐渐降低,家电企业亏损严重,同时,2008年以来,日元有效汇率已经累计升值30%。日元升值对日本家电行业衰退存在怎样的影响呢?在出口方面,本文利用2007—2012的月度数据,通过回归得到日元每升值1%,会使4个月后的日本家电出口减少1.43%。日元升值对出口的减少效应会被传导给家电厂商,对其利润造成更大程度的影响。但是本文通过构建"跨国公司的三国生产模型"证明,日本家电企业在海外建立的碎片化生产网络,已经在很大程度上减弱了汇率波动对利润的不利影响。因此,如果没有这种跨国性的生产活动,日本家电企业将难抵御汇率波动的风险,这对当今我国家电行业的国际化战略具有重要的借鉴意义。
[Abstract]:Japanese household electrical appliances industry was once a star industry in Japan. In recent years, the international competitiveness of home appliance industry has gradually decreased, and the loss of home appliance enterprises has been serious. At the same time, since 2008, the effective exchange rate of the yen has risen by 30 percent. What is the impact of the yen's appreciation on the recession in Japan's home appliance industry? On the export side, this paper uses the monthly data from 2007-2012 to get a rise in the yen by 1, which will reduce the export of Japanese household appliances by 1.43 after four months. The weaker effect of yen appreciation on exports will be transmitted to home appliance manufacturers, which will have a greater impact on their profits. However, the paper proves that the fragmented production network set up by Japanese household appliance enterprises overseas has greatly weakened the adverse effect of exchange rate fluctuations on profits through the construction of the "three countries production Model of multinational corporations". Therefore, without this kind of transnational production activities, Japanese household appliance enterprises will find it difficult to resist the risk of exchange rate fluctuations, which has an important reference significance for the internationalization strategy of China's household appliance industry.
【作者单位】： 山东大学;
【基金】：国家社会科学基金项目“我国对外直接投资的产业选择战略与政策研究”(11BJY010) 中国博士后科学基金资助项目“国际直接投资对母国的产业传导机理与传导效应研究”(2011M500702) 山东大学自主创新基金重点项目“中国企业对外直接投资的绩效研究”(IFW12104)、山东大学自主创新基金人文社科青年团队项目“对外直接投资对我国产业结构与外贸结构优化的作用研究”(IFYT14019)资助
【分类号】：F416.63
，
本文编号：2177941
[Abstract]:Japanese household electrical appliances industry was once a star industry in Japan. In recent years, the international competitiveness of home appliance industry has gradually decreased, and the loss of home appliance enterprises has been serious. At the same time, since 2008, the effective exchange rate of the yen has risen by 30 percent. What is the impact of the yen's appreciation on the recession in Japan's home appliance industry? On the export side, this paper uses the monthly data from 2007-2012 to get a rise in the yen by 1, which will reduce the export of Japanese household appliances by 1.43 after four months. The weaker effect of yen appreciation on exports will be transmitted to home appliance manufacturers, which will have a greater impact on their profits. However, the paper proves that the fragmented production network set up by Japanese household appliance enterprises overseas has greatly weakened the adverse effect of exchange rate fluctuations on profits through the construction of the "three countries production Model of multinational corporations". Therefore, without this kind of transnational production activities, Japanese household appliance enterprises will find it difficult to resist the risk of exchange rate fluctuations, which has an important reference significance for the internationalization strategy of China's household appliance industry.
【作者单位】： 山东大学;
【基金】：国家社会科学基金项目“我国对外直接投资的产业选择战略与政策研究”(11BJY010) 中国博士后科学基金资助项目“国际直接投资对母国的产业传导机理与传导效应研究”(2011M500702) 山东大学自主创新基金重点项目“中国企业对外直接投资的绩效研究”(IFW12104)、山东大学自主创新基金人文社科青年团队项目“对外直接投资对我国产业结构与外贸结构优化的作用研究”(IFYT14019)资助
【分类号】：F416.63
，
本文编号：2177941
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