Let me inform you of the following research seminar.

Date: January 30 (Thu.)  , 2025
Time:5:20PM -6:50PM
Venue: 11th Floor, Bldg.No.2 Meeting Room B
Speaker: Craig PARSONS (Yokohama National University)  
Organizer: Morihiro Yomogida
Language: English

Title: Foreign Direct Investment Amid Uncertainty: Sectoral Insights into a Global Context
Abstract:
We examine the multifaceted impact of uncertainty on foreign direct investment (FDI) inflows across diverse sectors—including manufacturing, services, technology, and others— drawing upon evidence from a broad spectrum of advanced, emerging, and developing countries over a 15-year sample covering the pre-COVID period. Controlling for both global and local factors, we find significant heterogeneity in sectoral resilience and sensitivity to uncertainty. Specifically, sectors such as Energy, Healthcare, Technology, and Transport are significantly deterred by global uncertainty, reflecting their reliance on international trade networks and global supply chains. In contrast, the IT Services sector exhibits resilience—and even increased attraction—under uncertainty, likely due to its role in providing technological solutions that enhance adaptability during turbulent times. The Manufacturing and Consumer sectors demonstrate relative insensitivity to uncertainty, with FDI inflows less affected by both global and country-specific uncertainties. In summary, our study highlights the nuanced relationship between uncertainty and sector-specific FDI. Understanding these dynamics can enable policymakers to devise targeted interventions that promote stable and sustainable FDI inflows across diverse economies.