| Budget Amount *help |
¥3,640,000 (Direct Cost: ¥2,800,000、Indirect Cost: ¥840,000)
Fiscal Year 2014: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2013: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2012: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
|
|---|
| Outline of Final Research Achievements |
This study aims to re-examine the infant industry argument from viewpoint of a real options approach. This view is based on the assumption that the industrial development of developing countries can be partly interpreted as a real options process, in which development policies are planned and implemented in wait-and-see and trial-and-error manners. Malaysian industrialisation is the main focus of this study. The palm oil and its related industries are taken as a case study, in which an option model to expand is neatly applied. Due to a time constraint and unavailability of proper data, a qualitative model has not been developed but theoretical and empirical applications are still in progress.
|
