2012 Fiscal Year Final Research Report
Financial Deepening and Economic Development in East Asia: Information, Institutions, and Norms
| Project/Area Number |
22730264
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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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 | Waseda University |
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Principal Investigator |
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| Project Period (FY) |
2010 – 2012
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| Keywords | 地域金融 / 中国経済 / 日本経済 / 経済発展 / 金融論 |
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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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Research Products
(3 results)
