2014 Fiscal Year Final Research Report
Re-examination of the infant industry argument: theoretical and empirical model building based on the real options approach
| Project/Area Number |
24653070
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| Research Category |
Grant-in-Aid for Challenging Exploratory Research
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| Allocation Type | Multi-year Fund |
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| Research Field |
Economic policy
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| Research Institution | Kansai University |
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Principal Investigator |
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| Project Period (FY) |
2012-04-01 – 2015-03-31
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| Keywords | リアル・オプション / 幼稚産業保護 / マレーシア / 工業化 / パーム油産業 |
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| 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.
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| Free Research Field |
経済発展論
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