| Budget Amount *help |
¥3,770,000 (Direct Cost: ¥2,900,000、Indirect Cost: ¥870,000)
Fiscal Year 2017: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2016: ¥2,340,000 (Direct Cost: ¥1,800,000、Indirect Cost: ¥540,000)
Fiscal Year 2015: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
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| Outline of Final Research Achievements |
Key findings include (1) The level of financial development in Myanmar, Laos and Cambodia is underdeveloped with banking sector being the backbone of financial system. (2) Financial markets in the Mekong region have been bank-dominated with banks playing key role in fund mobility and credit allocation. (3) Japanese bank presence is quite prominent in Thailand and Vietnam. (4) Japanese firms depend largely on services of their home country banks to support their production networks in the Mekong region. Financial sectors of less developed Mekong countries need more development to facilitate the integration of these economies into ASEAN production network. (5) Using a panel data of all countries in the world during 1960-2016, we find that banking sector development has differential effects on economic structure and growth. The positive effect of stock market development on economic growth is observed in Americas and Europe but not in Asia.
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