RT Journal Article T1 The role of Japanese FDI in China A1 Latorre Muñoz, María De La Concepción A1 Hosoe, Nobuhiro AB We quantify the impacts of a sharp fall of Japanese foreign direct investment (FDI) to China that occurred after the worldwide financial crisis in 2009 using a three-region (Japan, China, and the rest of the world) recursive dynamic computable general equilibrium model with multinational enterprises (MNEs). The FDI fall would reduce exports and production of Japanese MNE affiliates in China and depreciate the Renminbi. This latter effect would favor Chinese manufacturing, but China, would not be a gainer, because it would experience a contraction in its service sector, which would exceed the gains in manufacturing. PB Elsevier SN 0161-8938 YR 2016 FD 2016-03 LK https://hdl.handle.net/20.500.14352/23581 UL https://hdl.handle.net/20.500.14352/23581 LA eng NO Ministerio de Economía y Competitividad (MINECO) NO JSPS Grant-in-Aid for Scientific Research DS Docta Complutense RD 9 may 2024