Latorre Muñoz, María De La ConcepciónHosoe, Nobuhiro2023-06-182023-06-182016-030161-893810.1016/j.jpolmod.2016.02.003https://hdl.handle.net/20.500.14352/23581We 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.engjournal articlehttp://dx.doi.org/10.1016/j.jpolmod.2016.02.003restricted access339C68F21F23F17Foreign Direct InvestmentJapanChinaFinancial crisisEconometría (Economía)Economía internacionalFinanzasMacroeconomía5302 Econometría5310 Economía Internacional5307.14 Teoría Macroeconómica