EconPapers    
Economics at your fingertips  
 

How Did the Japanese Exports Respond to Two Crises in the International Production Network?: The Global Financial Crisis and the East Japan Earthquake

Mitsuyo Ando and Fukunari Kimura
Additional contact information
Mitsuyo Ando: Faculty of Business and Commerce, Keio University, Japan

No DP-2012-01, Working Papers from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: This paper analyzes the impact of two massive shocks, the 2008-2009 Global Financial Crisis and the 2011 East Japan Earthquake, on Japanese exports, focusing on the characteristics of domestic/international production networks in machinery industries. Using monthly data of Japanese bilateral exports at the most disaggregated level, we decompose the fall and recovery of Japanese exports into intensive and extensive margins and also examine the exits and re-entries by applying logit estimation and survival analysis. Episodes of both shocks confirm the stability and robustness of production networks and the enhancing link with East Asia. On the other hand, differences between two shocks seem to generate differential impacts on corporate behavior.

Keywords: The fragmentation theory; Intensive/extensive margins; Supply and demand shocks; Exchange rates; Survival analysis (search for similar items in EconPapers)
JEL-codes: F14 F23 (search for similar items in EconPapers)
Pages: 53 pages.
Date: 2012-01-01
New Economics Papers: this item is included in nep-sea
References: Add references at CitEc
Citations: View citations in EconPapers (48)

Downloads: (external link)
http://www.eria.org/ERIA-DP-2012-01.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:era:wpaper:dp-2012-01

Access Statistics for this paper

More papers in Working Papers from Economic Research Institute for ASEAN and East Asia (ERIA) Contact information at EDIRC.
Bibliographic data for series maintained by Ranti Amelia (ranti.amelia@eria.org this e-mail address is bad, please contact repec@repec.org).

 
Page updated 2025-02-17
Handle: RePEc:era:wpaper:dp-2012-01