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2004 Fiscal Year Final Research Report Summary

Creation of Financial Infrastructures for ICT Revolution and Economic Growth in the EU

Research Project

Project/Area Number 14530111
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeSingle-year Grants
Section一般
Research Field Public finance/Monetary economics
Research InstitutionKYUSHU UNIVERSITY

Principal Investigator

IWATA Kenji  KYUSHU University, Faculty of Economics, Professor, 大学院・経済学研究院, 教授 (50261483)

Co-Investigator(Kenkyū-buntansha) TANAKA Soko  CHUO University, Faculty of Economics, Professor, 経済学部, 教授 (20094708)
Project Period (FY) 2002 – 2004
KeywordsEU(European Union) / ICT / IT Revolution / Long Wave / Flow of Funds / Securities Market
Research Abstract

This research consists of (1)developments of the information and communication industry and their impact on European Economy, (2)long-term time series analysis of flow of funds in EU member states and (3)the evaluation of EU policies for the formation of financial infrastructure serving for the development of ICT industry and long teem EU growth. The findings obtained through three year's research are as follows.
First, although the information and communication industry have grown in the EU, these developments have not brought about the rise of productivity and boosted the potential growth rate, which was observed in the United States in the latter half of the 1990's. As for the financial area, the burst of the bubbles in Europe in 2000 at the stock markets, especially those related to the high-tech and to the communication etc, has proved that the changes of the main deficit unit from government sector to the business enterprise sector that were widely observed in may European countries in the latter half of the 1990's, were transitory phenomenon caused on a weak base such as the growth of US economy and bubbles of the fragile asset markets.
Thirdly, the FSAP(Financial Services Action Plan) and the reform of legislation process in the securities field by the EU were understood as one of important policies to create financial infrastructures for the development of the information and communication industry and for deepening growth rate of Europe. However, the stagnation of European Economy, especially those observed in Germany, after the burst of the bubble in 2000, these EU initiatives have not brought about any positive result The present stage is the period of crucial review of the "Lisbon Strategy" itself, which had provided a base for the individual policies in the finial field shown above.

  • Research Products

    (16 results)

All 2004 2003 2002

All Journal Article (10 results) Book (6 results)

  • [Journal Article] ユーロとヨーロッパ金融・資本市場-ユーロ建て金融・資本市場の対内的・対外的意義2004

    • Author(s)
      岩田 健治
    • Journal Title

      欧州中央銀行の金融政策とユーロ(田中素香・春日久志・藤田誠一編著)(有斐閣) 第9章所載

      Pages: 163-184

    • Description
      「研究成果報告書概要(和文)」より
  • [Journal Article] Euro and European Financial and Capital Markets-Internal and External Significance of Financial and Capital Markets in Euro2004

    • Author(s)
      Kenji IWATA
    • Journal Title

      Euro and Monetary Policy of the ECB(Soko Tanaka, Hisashi Harui, Seiichi Fujita eds.)(Yuhikaku, Tokyo) Chapter 9

      Pages: 163-184

    • Description
      「研究成果報告書概要(欧文)」より
  • [Journal Article] ヨーロッパ統合下の金融・資本市場2003

    • Author(s)
      岩田 健治
    • Journal Title

      新版 国際金融論-グローバル金融危機の構造(尾上修悟編著)(ミネルヴァ書房)第5章所載

      Pages: 129-151

    • Description
      「研究成果報告書概要(和文)」より
  • [Journal Article] EUの通貨統合2003

    • Author(s)
      岩田 健治
    • Journal Title

      現代国際金融論 第2版(上川孝夫, 藤田誠一, 向壽一編著)(有斐閣)第16章所載

      Pages: 307-326

    • Description
      「研究成果報告書概要(和文)」より
  • [Journal Article] European Financial and Capital Markets in the Integrated Europe2003

    • Author(s)
      Kenji IWATA
    • Journal Title

      International Finance(Onoe Shugo ed.)(Minerva, Kyoto) Chapter 5

      Pages: 129-151

    • Description
      「研究成果報告書概要(欧文)」より
  • [Journal Article] Monetary Integration within the EU2003

    • Author(s)
      Kenji IWATA
    • Journal Title

      Contemporary International Finance(T.Kamikawa, S.Fujita, J.Mukai eds.)(Yuhikaku, Tokyo) Chapter 16

      Pages: 307-326

    • Description
      「研究成果報告書概要(欧文)」より
  • [Journal Article] EU証券規制の新展開2002

    • Author(s)
      岩田 健治
    • Journal Title

      証券経済研究(日本証券経済研究所) 第38号

      Pages: 1-13

    • Description
      「研究成果報告書概要(和文)」より
  • [Journal Article] EU・欧州協定2002

    • Author(s)
      田中 素香
    • Journal Title

      FTAガイドブック(田秀次郎編著)(ジェトロ)第7章 (所収)

      Pages: 123-167

    • Description
      「研究成果報告書概要(和文)」より
  • [Journal Article] A New Development of the EU Regulations in Securities Field : Its Background and Latest Situation2002

    • Author(s)
      Kenji IWATA
    • Journal Title

      The JSRI Journal of Financial and Securities Markets No.38

      Pages: 121-138

    • Description
      「研究成果報告書概要(欧文)」より
  • [Journal Article] EU---European Agreements2002

    • Author(s)
      Soko TANAKA
    • Journal Title

      FTA Guidebook, JETRO(Shujiro Den ed.) Chapter 7

      Pages: 123-167

    • Description
      「研究成果報告書概要(欧文)」より
  • [Book] 欧州中央銀行の金融政策とユーロ2004

    • Author(s)
      田中素香, 春井久志, 藤田誠一編
    • Total Pages
      271
    • Publisher
      有斐閣
    • Description
      「研究成果報告書概要(和文)」より
  • [Book] Euro and Monetary Policy of the ECB.2004

    • Author(s)
      Soko TANAKA, Hisashi Harui, Seiichi Fujita eds.
    • Total Pages
      271
    • Publisher
      Yuhikaku, Tokyo
    • Description
      「研究成果報告書概要(欧文)」より
  • [Book] ユーロとEUの金融システム2003

    • Author(s)
      H-E.シャーラー, A・M・エル-アグラ, 田中素香, D・G・メイズ他著 岩田健治
    • Total Pages
      366
    • Publisher
      日本経済評論社
    • Description
      「研究成果報告書概要(和文)」より
  • [Book] ユーロと国際通貨システム2003

    • Author(s)
      田中素香, 藤田誠一編著
    • Total Pages
      388
    • Publisher
      蒼天社出版
    • Description
      「研究成果報告書概要(和文)」より
  • [Book] Euro and the Financial System within the EU2003

    • Author(s)
      Kenji IWATA ed.
    • Total Pages
      366
    • Publisher
      Nihon Keizai Hyoron-sha, Tokyo
    • Description
      「研究成果報告書概要(欧文)」より
  • [Book] Euro and International Financial System.2003

    • Author(s)
      Soko TANAKA, Seiichi Fujita eds.
    • Total Pages
      388
    • Publisher
      Sotensha Shuppan, Tokyo
    • Description
      「研究成果報告書概要(欧文)」より

URL: 

Published: 2006-07-11  

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