| Budget Amount *help |
¥3,380,000 (Direct Cost: ¥2,600,000、Indirect Cost: ¥780,000)
Fiscal Year 2012: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2011: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2010: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
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| Research Abstract |
This study examines the important factors for financial development and explores the impact of financial development on real economic activities in East Asian countries. The main findings of the study are as follows. (1) The introduction of foreign direct investment (FDI) improves the distortions apparent in China’s banking system. Controlling for other factors, FDI inflows exert significant positive influences on local financial development, improving private sector firms’ access to formal bank finance and facilitating deposit mobilization in the recipient provinces. (2) In Japan, bank concentration has a positive effect on employment growth in industries dominated by relatively larger firms, but a negative effect on employment growth in industries dominated by smaller firms.
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