2011 Fiscal Year Final Research Report
Spillover and Cycle Effects of Regional Integration : Growth and Business Cycles in East Asia and Enlarged EU
| Project/Area Number |
20223003
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| Research Category |
Grant-in-Aid for Scientific Research (S)
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| Allocation Type | Single-year Grants |
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| Research Field |
Economic policy
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| Research Institution | Kwansei Gakuin University (2010-2011)
Osaka University (2008-2009) |
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Principal Investigator |
KOHSAKA Akira 関西学院大学, 国際学部, 教授 (00205329)
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| Co-Investigator(Kenkyū-buntansha) |
ABE Shigeyuki 同志社大学, 政策学部, 教授 (60140076)
OGAWA Eiji 一橋大学, 商学研究科, 教授 (80185503)
KIMURA Fukunari 慶應義塾大学, 経済学部, 教授 (90265918)
FUKAGAWA Yukiko 早稲田大学, 政治経済学術院, 教授 (30306485)
SATOU Kiyotaka 横浜国立大学, 経済学部, 教授 (30311319)
MIENO Fumiharu 神戸大学, 大学院・国際協力研究科, 教授 (40272786)
OTSUKI Tsunehiro 大阪大学, 国際公共政策研究科, 准教授 (40397633)
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| Co-Investigator(Renkei-kenkyūsha) |
NAGANO Mamoru 名古屋市立大学, 経済学研究科, 教授 (20508858)
OKABE Misa 和歌山大学, 経済学部, 准教授 (20434649)
HOJO Masakazu 新潟大学, 人文社会・教育科学系, 准教授 (30362601)
ENYA Masahiro 大阪国際大学, ビジネス学部, 准教授 (70340867)
MCKENZIE C. R. 慶應義塾大学, 経済学部, 教授 (10220980)
NAIKI Yoshiko 大阪大学, 国際公共政策研究科, 准教授 (90313064)
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| Project Period (FY) |
2008 – 2011
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| Keywords | 地域統合 / 生産ネットワーク / スピルオーバー効果 / サイクル効果 / マクロ金融リンケージ / 金融深化 / 通貨統合 |
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| Research Abstract |
In East Asia, expanding production networks through intermediate goods trade and foreign direct investment have promoted regional integration. This accompanies hollowing-out of manufacturing in advanced economies and nurtures engines of industrialization in developing economies, drawing up a new industrial map in the region. On the other hand, against financial business cycles caused by ballooning capital flows, East Asia has pursued exchange rate stability, lengthened capital compositions and constrained external financing along with production networking, thereby building up unique macro-financial regimes more robust against growing financial risks. East Asian regional integration may constitute a new 21century type development model.
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