Kozo Kiyota

July 8, 2024

Curriculum Vitae

Contact
Information

Keio Economic Observatory
Keio University

2-15-45 Mita, Minato-ku
Tokyo 108-8345, Japan

Webpage

http://user.keio.ac.jp/~kiyota/index.html

Education

Keio University, Tokyo, Japan
Ph.D., Economics, October 2002
M.A., Economics, March 1998
B.A., Economics, March 1996

Employment

Keio Economic Observatory, Keio University, Tokyo, Japan
Professor
October 2013–present
Deputy Director
October 2023–present
Secondary appointment, Keio Graduate School of Economics, April 2016–present
College of Business Administration, Yokohama National University, Yokohama,Japan
Associate Professor
April 2003–September 2013
Assistant Professor
October 2001–March 2003
Faculty of Economics, Keio University, Tokyo, Japan
Research Associate

Research
Interest
Awards andHonorsApril 1998–March 2001

International Economics, Business Data Science
1. Kojima Kiyoshi Prize (Kojima Kiyoshi Kenkyu Shorei Sho) from the Japan Societyof International Economics, October 2020
2. Ishikawa Prize (Ishikawa Sho) from the Japanese Economic Association, June 2017
3. Keio Award (Gijyuku Sho) from Keio University, November 2016
4. Nikkei Prize for Excellent Books in Economic Science (Nikkei Keizai Tosho Bunka
Sho) from Nikkei and the Japan Center for Economic Research, November 2015
5. Oda Prize (Oda Sho) from the Japan Society of International Economics, October
2013

Working
Papers

1. Kiyota, Kozo, Kentaro Nakajima, and Miho Takizawa, “Local Labor Market Effects of Chinese Imports and Offshoring: Evidence from Matched-Foreign AffiliateDomestic Parent-Domestic Plant Data in Japan,” RIETI Discussion Paper, 22-E013, Research Institute of Economy, Trade and Industry (RIETI), March 2022.

Work in
Progress

1. Kiyota, Kozo, “Mind the Gap: Does the Lasso Improve the Performance of theGravity Model of Foreign Direct Investment?” June 2024.
2. Theresa M. Greaney and Kozo Kiyota, “Regional Impacts of a Chinese Consumer
Boycott: The Case of Inbound Travel in Japan,” February 2024.

3. Kiyota, Kozo and Kiyohiko Ito, “A Firm-level Analysis of ”Indirect” FDI: The Caseof Global Network of Japanese Multinationals,” November 2023.

Publications
Journal Articles
2024

1. Kiyota, Kozo and Yoshinori Kurokawa, “Intermediate Goods–Skill Complementarity,” The B.E. Journal of Macroeconomics, 24(1), pp. 149–186, January 2024.

2023

2. Kiyota, Kozo, “Spatially Uneven Pace of Deindustrialization within a Country,”
The World Economy, 46(7), pp.2187–2230, July 2023.

2022

3. Kiyota, Kozo, “Impacts of Protectionism and Political Conflict: Recent Developments,” The International Economy, 25, pp.1–18, 2022. (JSIE Kojima Kiyoshi Prize
Lecture, Lead Article)
4. Kiyota, Kozo and Yoshinori Kurokawa, “Factor Intensity Reversals Redux: Feenstra
Is Right!” Review of International Economics, 30(4), pp.885–914, September 2022.
(Lead Article)
5. Ahn, JaeBin, Theresa M. Greaney, and Kozo Kiyota, “Political Conflict and Angry
Consumers: Evaluating the Regional Impacts of a Consumer Boycott on Travel
Services Trade,” Journal of the Japanese and International Economies, 65, Article
101216, September 2022.
6. Kiyota, Kozo, “The COVID-19 Pandemic and the World Trade Network,” Journalof Asian Economics, 78, Article 101419, February 2022.

2021

7. Kiyota, Kozo, Sawako Maruyama, and Mina Taniguchi, “The China Syndrome: A
Cross-Country Evidence,” The World Economy, 44(9), pp.2758–2792, September
2021.
8. Kiyota, Kozo, “The Leontief Paradox Redux,” Review of International Economics,
29(2), pp.296–313, May 2021.

2020

9. Greaney, Theresa M. and Kozo Kiyota, “Japan’s Outward FDI Potential,” Journalof the Japanese and International Economies, 57, Article 101073, September 2020.
(Lead Article)
10. Kozo Kiyota, Toshiyuki Matsuura, and Yoshio Higuchi, “Multinationals, Intrafirm
Trade, and Employment Volatility,” Canadian Journal of Economics, 53(3), pp.982–
1015, August 2020.
11. Greaney, Theresa M. and Kozo Kiyota, “The Gravity Model and Trade in Intermediate Inputs,” The World Economy, 43(8), pp.2034–2049, August 2020. (Lead
Article)2019

12. Kiyota, Kozo, Toshiyuki Matsuura, and Lionel Nesta, “What’s Behind the Figures? Quantifying the Cross-Country Exporter Productivity Gap,” Economic Inquiry, 57(3), pp.1256–1271, July 2019.
13. Hoshi, Takeo and Kozo Kiyota, “Potential for Inward Foreign Direct Investment inJapan,” Journal of the Japanese and International Economies, 52, pp.32–52, June
2019.

2018

14. Dobbelaere, Sabien and Kozo Kiyota, “Labor Market Imperfections, Markups andProductivity in Multinationals and Exporters,” Labour Economics, 53, pp.198–212,
August 2018.
15. Kiyota, Kozo and Sawako Maruyama, “On the Demand for Female Workers inJapan: The Role of ICT and Offshoring,” Asian Economic Papers, 17(2), pp.25–46,
June 2018.

2017

16. Kiyota, Kozo, Keita Oikawa, and Katsuhiro Yoshioka, “Global Value Chain and theCompetitiveness of Asian Countries,” Asian Economic Papers, 16(3), pp.257–281,
November 2017.
17. Hasegawa, Makoto and Kozo Kiyota, “The Effect of Moving to a Territorial Tax
System on Profit Repatriation: Evidence from Japan,” Journal of Public Economics,
153, pp.92–110, September 2017.
18. Kiyota, Kozo and Sawako Maruyama, “ICT, Offshoring, and the Demand for Parttime Workers: The Case of Japanese Manufacturing,” Journal of Asian Economics,
48, pp.75–86, February 2017.

2016

19. Ha, Doan Thi Thanh, Kozo Kiyota, and Kenta Yamanouchi, “Misallocation and
Productivity: The Case of Vietnamese Manufacturing,” Asian Development Review,33(2), pp.94–118, September 2016.
20. Kiyota, Kozo and Tetsuji Okazaki, “Assessing the Effects of Japanese Industrial Policy Change during the 1960s,” Journal of the Japanese and International Economies,
40, pp.31–42, June 2016.
21. Kiyota, Kozo, “Exports and Employment in China, Indonesia, Japan and Korea,”
Asian Economic Papers, 15(1), pp.57–72, January 2016.

2015

22. Kambayashi, Ryo and Kozo Kiyota, “Disemployment Caused by Foreign Direct Investment? Multinationals and Japanese Employment,” Review of World Economics,
151(3), pp.433–460, August 2015.
23. Dobbelaere, Sabien, Kozo Kiyota, and Jacques Mairesse, “Product and Labor Market Imperfections and Scale Economies: Micro-evidence on France, Japan and theNetherlands,” Journal of Comparative Economics, 43(2), pp.290–322, May 2015.

2014

24. Bellone, Flora, Kozo Kiyota, Toshiyuki Matsuura, Patrick Musso, and Lionel Nesta,“International Productivity Gaps and the Export Status of Firms: Evidence from
France and Japan,” European Economic Review, 70, pp.56–74, August 2014.
25. Ha, Doan Thi Thanh and Kozo Kiyota, “Firm-level Evidence on Productivity Differentials and Turnover in Vietnamese Manufacturing,” Japanese Economic Review,65(2), pp.193–217, June 2014.
26. Kiyota, Kozo, “Industrial Upgrading in a Multiple-cone Heckscher–Ohlin Model:
The Flying Geese Patterns of Industrial Development,” Review of Development Economics, 18(1), pp.177–193, February 2014.

2013

27. Kiyota, Kozo, “Skills and Changing Comparative Advantage: The Case of Japan,”Japan and the World Economy, 28, pp.33–40, December 2013.

2012

28. Kiyota, Kozo, “Trade Liberalization, Economic Growth, and Income Distribution
in a Multiple-cone Neoclassical Growth Model,” Oxford Economic Papers, 64(4),pp.655–674, October 2012.
29. Kiyota, Kozo, “Exports and Jobs: The Case of Japan, 1975–2006,” Contemporary
Economic Policy, 30(4), pp.566–583, October 2012.
30. Kiyota, Kozo, “A Many-cone World?” Journal of International Economics, 86(2),pp.345–354, March 2012.

2011

31. Kiyota, Kozo, “A Test of the Law of Comparative Advantage, Revisited,” Review
of World Economics, 147(4), pp.771–778, November 2011. (Lead Article)
32. Kiyota, Kozo, “Paths of Development and Wage Variations,” Review of International Economics, 19(4), pp.697–717, September 2011.

2010

33. Kiyota, Kozo, “Are US Exports Different from China’s Exports? Evidence fromJapan’s Imports,” The World Economy, 33(10), pp.1302–1324, October 2010.
34. Kiyota, Kozo and Tetsuji Okazaki, “Industrial Policy Cuts Two Ways: Evidence
from Cotton Spinning Firms in Japan, 1956–1964,” Journal of Law and Economics,
53(3), pp.587–609, August 2010.

2009

35. Kiyota, Kozo, Takanobu Nakajima, and Kiyohiko G. Nishimura, “Measurementof the Market Power of Firms: The Japanese Case in the 1990s,” Industrial andCorporate Change, 18(3), pp.381–414, June 2009.

2008

36. Kiyota, Kozo, Toshiyuki Matsuura, and Shujiro Urata, “Exchange Rate Volatility
and MNCs’ Production and Distribution Networks: The Case of Japanese Manufacturing MNCs,” Singapore Economic Review, 53(3), pp.523–538, December 2008.
37. Kiyota, Kozo, Toshiyuki Matsuura, Shujiro Urata, and Yuhong Wei, “Reconsidering the Backward Vertical Linkage of Foreign Affiliates: Evidence from JapaneseMultinationals,” World Development, 36(8), pp.1398–1414, August 2008.

38. Kiyota, Kozo and Shujiro Urata, “The Role of Multinational Firms in International
Trade: The Case of Japan,” Japan and the World Economy, 20(3), pp.338–352,
August 2008.
39. Brown, Drusilla K., Kozo Kiyota, and Robert M. Stern, “An Analysis of a US–
Southern African Customs Union (SACU) Free Trade Agreement,” World Development, 36(3), pp.461–484, March 2008.
2007

40. Kimura, Fukunari and Kozo Kiyota, “Foreign-owned versus Domestically-owned
Firms: Economic Performance in Japan,” Review of Development Economics, 11(1),pp.31–48, February 2007.

2006

41. Kimura, Fukunari and Kozo Kiyota, “Exports, FDI, and Productivity: Dynamic
Evidence from Japanese Firms,” Review of World Economics, 142(4), pp.695–719,
December 2006.
42. Brown, Drusilla K., Kozo Kiyota, and Robert M. Stern, “Computational Analysisof the Menu of US–Japan Trade Policies,” The World Economy, 29(6), pp.805–855,
June 2006.
- Reprinted in John Gilbert (ed.), New Developments in Computable General Equilibrium Analysis of Trade Policy (Frontiers of Economics andGlobalization), Volume 7, Bingley, UK: Emerald Group, pp.303–355,
2010.

2005

43. Kiyota, Kozo and Robert M. Stern, “An Assessment of the Economic Effects of the
Menu of U.S. Trade Policies,” Global Economy Journal, 5(4), Article 22, December
2005.
- Reprinted in Robert M. Stern (ed.), Globalization and International Trade
Policies, Singapore: World Scientific, pp.263–301, 2009.
44. Brown, Drusilla K., Kozo Kiyota, and Robert M. Stern, “Computational Analysis of
the US FTAs with Central America, Australia, and Morocco,” The World Economy,
28(10), pp.1441–1490, October 2005.
45. Kiyota, Kozo and Tetsuji Okazaki, “Foreign Technology Acquisition Policy and Firm
Performance in Japan, 1957–1970: Micro-Aspect of Industrial Policy,” International
Journal of Industrial Organization, 23(7–8), pp.563–586, September 2005.
46. Nishimura, Kiyohiko G., Takanobu Nakajima, and Kozo Kiyota, “Does the Natural
Selection Mechanism Still Work in Severe Recessions? Examination of the Japanese
Economy in the 1990s,” Journal of Economic Behavior and Organization, 58(1),pp.53–78, September 2005.
47. Kiyota, Kozo, “Services Content of Japanese Trade,” Japan and the World Economy,
17(3), pp.261–292, August 2005. (Lead Article)
48. Brown, Drusilla K., Kozo Kiyota, and Robert M. Stern, “Computational Analysis of the Free Trade Area of the Americas (FTAA),” North American Journal of
Economics and Finance, 16(2), pp.153–185, August 2005. (Lead Article)

2004

49. Kiyota, Kozo and Shujiro Urata, “Exchange Rate, Exchange Rate Volatility andForeign Direct Investment,” The World Economy, 27(10), pp.1501–1536, November
2004. (Lead Article)

2003

50. Sazanami, Yoko, Seiji Yoshimura, and Kozo Kiyota, “Japanese Foreign Direct Investment to East Asia and Exchange Rate Policies: Some Longer Term Policy Implications after the Crisis,” Keio Economic Studies, 40(1), pp.1–26, June 2003. (Lead
Article)Book Chapters 1. Kiyota, Kozo, “Japan’s Exports and Employment,” Quantitative Analysis of Newly
and Monograph
Evolving Patterns of International Trade: Fragmentation; Offshoring of Activities;
and Vertical Intra-Industry Trade, edited by Robert M. Stern, Singapore: World
Scientific, pp.281–310, 2012.
2. Kiyota, Kozo, Barbara Peitsch, and Robert M. Stern, “The Benefits of Financial Sector Liberalisation for Least Developed Countries: A Case Study of Ethiopia,” OECD
Investment Policy Perspectives 2008, edited by OECD, Paris: OECD, pp.123–135,
2008.
3. Kiyota, Kozo, Margit Molnar, and Robert M. Stern, “Storm in a Spaghetti Bowl:
FTAs and the BRIICS,” Globalisation and Emerging Economies: Brazil, Russia,
India, Indonesia, China and South Africa, edited by OECD, Paris: OECD, pp.187–
210, 2008.
4. Kiyota, Kozo and Robert M. Stern, “Issues in U.S.–ROK Economic Relations,”
Towards Sustainable Economic & Security Relations in East Asia: U.S. and ROK
Policy Options, edited by Korea Economic Institute, Washington, D.C.: Korea Economic Institute, pp.41–73, 2008.
5. Kiyota, Kozo, Toshiyuki Matsuura, Shujiro Urata, and Yuhong Wei, “The Determinants of Local Procurements for Japanese Foreign Affiliates: An Estimation of
Factor Demand Function,” Corporate Strategies in the Age of Regional Integration,edited by Jong-Kil Kim and Pierre-Bruno Ruffini, Cheltenman, UK and Northampton, MA: Edward Elgar, pp.77–96, 2007.
6. Kiyota, Kozo and Robert M. Stern, Economic Effects of a Korea–U.S. Free Trade
Agreement, Washington, D.C.: Korea Economic Institute, 2007.
7. Kiyota, Kozo, “Why Countries Are So Eager to Establish Bilateral Free Trade
Agreements: A Case Study of Thailand,” Bilateral Trade Agreements in the Asia–
Pacific: Origins, Evolution, and Implications, edited by Vinod K. Aggarwal and
Shujiro Urata, New York: Routledge, pp.206–231, 2006.
8. Urata, Shujiro and Kozo Kiyota, “The Impacts of an East Asia FTA on Foreign
Trade in East Asia,” International Trade in East Asia, East Asia Seminar on Economics, volume 14, edited by Takatoshi Ito and Andrew K. Rose, Chicago, IL:
University of Chicago Press/NBER, pp.217–247, 2005. (NBER Working Paper,#10173)
9. Kiyota, Kozo and Fukunari Kimura, “Fragmentation and Corporate Performanceof Japanese Firms in the Globalization,” Economic Integration and Multinational
Investment Behavior: European and East Asian Experiences, edited by Pierre-Bruno
Ruffini, Cheltenman, UK and Northampton, MA: Edward Elgar, pp.100–128, 2004.

10. Sazanami, Yoko, Seiji Yoshimura, and Kozo Kiyota, “Japanese Foreign Direct Investment Flows to East Asia and the Real Exchange Rate: Lessons from the Asian
Financial Crisis,” Economic Integration and Multinational Investment Behavior:
European and East Asian Experiences, edited by Pierre-Bruno Ruffini, Cheltenman,
UK and Northampton, MA: Edward Elgar, pp.129–148, 2004.
11. Kimura, Fukunari and Kozo Kiyota, “Exports and Foreign Direct Investment Accelerate Corporate Reforms: Evidence from the Japanese Micro Data,” Japan’s Economic Recovery: Commercial Policy, Monetary Policy, and Corporate Governance,
edited by Robert M. Stern, Cheltenman, UK and Northampton, MA: Edward Elgar,
pp.221–255, 2003.
12. Urata, Shujiro and Kozo Kiyota, “Service Trade in East Asia,” Trade in Services in the Asia–Pacific Region, East Asia Seminar on Economics, volume 11,
edited by Takatoshi Ito and Anne O. Krueger, Chicago, IL: University of Chicago
Press/NBER, pp.379–422, 2003.
Book Review

1. Kiyota, Kozo, “Book Review for Foreign Direct Investment in Japan: Multinationals’ Role in Growth and Globalization by Ralph Paprzycki and Kyoji Fukao,” PacificAffairs, 82(1), pp.132–133, April 2009.

Books

1. Kiyota, Kozo and Naoto Jinji, Empirical International Economics, Yuhikaku, December 2017. (In Japanese)
2. Kiyota, Kozo, Japan’s Comparative Advantage, Keio University Press, October 2016.
(In Japanese)
3. Kiyota, Kozo, Expanding Foreign Direct Investment and Japanese Firms, NTT Publishing, May 2015. (In Japanese)

Professional
Services
Editorial Positions Journal of International Trade & Economic Development
Editorial Board

May 2021 – present

Forum for Research in Empirical International Trade (F.R.E.I.T.)
Editorial Board
October 2018 – present
Asian Economic Journal
Associate Editor
Positions in
Academic
Association

September 2006 – October 2018

East Asian Economic Association
Member of the Council of Fellows

January 2019 – present

Japanese Economic Association
Member of the Council of Fellows June 2016 – June 2020, May 2024 – May 2028
Other Positions

University of Tokyo Economic Consulting Inc. (UTEcon)
AdvisorTokyo Center for Economic Research (TCER)
Fellow

May 2024 – present

February 2021 – presentResearch Institute of Economy, Trade and Industry (RIETI)
Faculty Fellow
April 2011 – March 2015
Research Associate
April 2015 – present