| Budget Amount *help |
¥4,420,000 (Direct Cost: ¥3,400,000、Indirect Cost: ¥1,020,000)
Fiscal Year 2018: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2017: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
Fiscal Year 2016: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
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| Outline of Final Research Achievements |
This research aims to consider the relationship between firms and local governments at each development stage in China. I obtain three findings. (1) The collaboration of firms and local governments were needed in the scene of production for supplementing the lack of resources such as materials. Chinse planned economy so dysfunctional that firms could not get the amount of resources scheduled in the plan at the proper timing. However (2) that connection became inefficient after the start of reform, because state owned firms which were poor performing in markets can get access to bank loans owing to their connection with local governments. Furthermore, (3) the bank finance failed to make their performance recover. Therefore, this research concludes that the local government's intervention to the firms' activity leads to firms and whole market's inefficiency during reform era, especially in 2000's.
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