2010 Fiscal Year Final Research Report
An Empirical Study of the Credit Reallocation and Business Cycle
| Project/Area Number |
21830037
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| Research Category |
Grant-in-Aid for Research Activity Start-up
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| Allocation Type | Single-year Grants |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Kyoto Sangyo University (2010)
Hitotsubashi University (2009) |
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Principal Investigator |
SAKAI Koji Kyoto Sangyo University, 経済学部, 助教 (80548305)
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| Project Period (FY) |
2009 – 2010
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| Keywords | 金融論 / 金融市場 / 貸出市場 / 資金再配分 |
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| Research Abstract |
This study investigates the time-series properties of credit reallocation in Japan. As results, the followings are found : (1) Credit reallocation has a sizable effect on economic growth. (2) Credit reallocation is closely related with capital stock reallocation. (3) Credit misallocation which emerged in the 1990s has already started from the early 1980s.
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