小塚匡文.indd

Size: px
Start display at page:

Download "小塚匡文.indd"

Transcription

1 流通科学大学論集 - 経済 情報 政策編 - 第 22 巻第 2 号,19-32(2014) Lending Behavior for Small-Medium Business by Shinkin Bank and Other Domestic Bank in Japan: Evidences from Time Series Data Masafumi Kozuka I * 流通科学大学総合政策学部 神戸市西区学園西町 3-1 神戸大学大学院経済学研究科研究員 神戸市灘区六甲台町 2-1 (2013 年 8 月 30 日受理 ) C 2014 UMDS Research Association

2 20 小塚匡文 1: ( ) (QEMP)

3 わが国の信用金庫と国内銀行の中小企業向け貸出行動 21 2: IIP Choleski II III

4 22 小塚匡文 IV II. 4 VAR(Vector Auto Regression) (Y t) (MB t) 4 (BANK t) (SHINKIN t) rt b rt s 4 x t =(rt b,mb t, BANK t,y t) x t =(rt s,mb t,shinkin t,y t) x t VAR Choleski 2 VAR p x t = A 0 + A ix t i + u t (1) i=1 u t VAR p x t = B 0 + B ix t i + t (2) i=0 t 0 0 u t t u t =(u rb,t,u MB,t,u BANK,t,u Y,t) u t =(u rs,t,u MB,t,u SHINKIN,t,u Y,t) t =( rb,t, MB,t, BANK,t, Y,t) t =( rs,t, MB,t, SHINKIN,t, Y,t) (2) p x t =(I B 0) 1 [B 0 + B ix t i + t] (3) i=1

5 わが国の信用金庫と国内銀行の中小企業向け貸出行動 23 (1) (3) (I B 0)u t = t (4) Choleski I B 0 (4) u t = B 0u t + t (5) B 0 4 VAR 6 (5) u rb,t = a 1u MB,t + rb,t (6) u rs,t = a 1u MB,t + rs,t (7) u MB,t = MB,t (8) u BANK,t = a 2u rb,t + a 3u Y,t + BANK,t (9) u SHINKIN,t = a 2u rs,t + a 3u Y,t + SHINKIN,t (10) u Y,t = a 4u rb,t + a 5u MB,t + a 6u BANK,t + Y,t (11) u Y,t = a 4u rs,t + a 5u MB,t + a 6u SHINKIN,t + Y,t (12) 6 (6)(7) (8) (9)(10) (11)(12)

6 24 小塚匡文 3: IIP VAR SBIC(Schwarz Bayesian information criterion) ( Sample ( sample2 ( QEMP) Sample1 4-1 Sample2

7 わが国の信用金庫と国内銀行の中小企業向け貸出行動 ( ) Sample1 4-2 Sample Sample1 Sample Sample2 Sample1 5

8 26 小塚匡文 ( 95 III. QEMP 6 QEMP Honda et al.(2007)

9 わが国の信用金庫と国内銀行の中小企業向け貸出行動 27 QEMP Sample2 7 Sample1 Sample2 QEMP Sample1 QEMP Sample2 QEMP Sample2 (2013) 2008 Sample2

10 28 小塚匡文 ( ) 95 Sample1, Sample

11 わが国の信用金庫と国内銀行の中小企業向け貸出行動 ( ) 95 QEMP QEMP QEMP 2008 QEMP 9 IV. 4 VAR

12 30 小塚匡文 Sample1 QEMP Sample1 Sample2 Sample2 Sample2 QEMP Sample1 Sample2 Sample1 Sample2 QEMP QEMP JSPS (C)

13 わが国の信用金庫と国内銀行の中小企業向け貸出行動 Bernanke(1986) VAR VAR VAR 1 VAR Honda et al.(2007) Hamilton(1994) Chapter 20 5 Sample1 5-6 Sample ( ) Honda et al.(2007) Honda et al.(2007) QEMP QEMP 6 Brunner and Meltzer(1963) Tobin(1963) 7 Honda et al.(2007) 8 Honda et al.(2007) 9 (2013) 2005

14 32 小塚匡文 (2013) 21 2, , (2005) October, Bernanke, B. S.(1986) Alternative Explanations of the Money-Income Correlation, Carnegie- Rochester Conference Series on Public Policy 25,issue 1, pp.49-99, Autumn Brunner, Karl and Allan H. Meltzer(1963) The Place of Financial Intermediaries in the Transmission of Monetary Policy, America Economic Review 53, pp Hamilton. J. D.(1994) Time Series Analysis, Princeton University Press Honda, Yuzo, Yoshihiro Kuroki and Minoru Tachibana (2007), An Injection of Base Money at Zero Interest Rates: Empirical Evidence from the Japanese Experience , Graduate School of Osaka University Discussion Paper Tobin, James(1963) A General Equilibrium Approach to Monetary Theory, Jornal of money, M Credit and Banking 1, pp

untitled

untitled 2 book conference 1990 2003 14 Repeated Cross-Section Data 1 M1,M2 M1 Sekine(1998) Repeated Cross-Section Data 1 1. (1989), Yoshida and Rasche(1990), Rasche(1990), 19921997, Fujiki and Mulligan(1996),

More information

Tomorrow Next th draft version MEW SWET

Tomorrow Next th draft version MEW SWET Research Center for Price Dynamics A Research Project Concerning Prices and Household Behaviors Based on Micro Transaction Data Working Paper Series No.7 Tomorrow Next を用いた金融政策の分析 青野幸平 June 14, 2012 4th

More information

untitled

untitled 2007 2 * (i) (ii) 2006 7 1999 2 2000 8 1 (2003) Oda and Ueda (2005) 2005 Kimura and Small(2006) Iwamura, Shiratsuka and Watanabe (2006) (2006) 3 (i) (ii) (iii) 2 2 3 4 2.1 (2003) (2005) 1) (i) (ii) (i)

More information

Autumn 06 1 2005 100 100 1 100 1 2003 2005 10 2003 2005 2

Autumn 06 1 2005 100 100 1 100 1 2003 2005 10 2003 2005 2 2005 25-2 17 395.6 149.1 1 2004 2 2003p.13 3 Autumn 06 1 2005 100 100 1 100 1 2003 2005 10 2003 2005 2 Vol. 42 No. 2 2 100 20052005 2002 20052005 3 2005 10 1 II III IV 1 1 1 2 1 4 15-2 30 4,091 54.5 2

More information

46−ª3�=4�“ƒ‚S“·‚Ö‡¦

46−ª3�=4�“ƒ‚S“·‚Ö‡¦ 463420101 1. 1989, Yoshida and Rasche1990, Rasche1990, 19921997, Fujiki and Mulligan1996, 1996, Sekine1998, 2001, Fujiki2002, 2003, 2004 Bahmani-Oskooee and Shabsigh1996, Amano and Wirjanto2000, Bahmani-Oskooee

More information

An Empirical Study of the Securities Firms' Dilemma on Financial Innovation through Diffusion of Internet Deals Yasugi Satoshi Bower, J. L., 1999, Disruptive technologies: Catching the wave,

More information

株式分割払込制度と企業金融、設備投資の関係について ─1930年代初において株式追加払込が果たした役割を中心に─

株式分割払込制度と企業金融、設備投資の関係について ─1930年代初において株式追加払込が果たした役割を中心に─ IMES DISCUSSION PAPER SERIES Discussion Paper No. 2007-J-20 INSTITUTE FOR MONETARY AND ECONOMIC STUDIES BANK OF JAPAN 103-8660 30 http://www.imes.boj.or.jp IMES Discussion Paper Series 2007-J-20 2007

More information

IMES DISCUSSION PAPER SERIES Discussion Paper No. 99-J-17 INSTITUTE FOR MONETARY AND ECONOMIC STUDIES BANK OF JAPAN 100-8630 203 IMES Discussion Paper Series 99-J-17 1999 6 * JEL classification E52 E58

More information

Attendance Demand for J-League õ Shinsuke KAWAI* and Takeo HIRATA* Abstract The purpose of this study was to clarify the variables determining the attendance in J-league matches, using the 2,699 J-league

More information

untitled

untitled Discussion Paper Series No. J98 2008 9 2008 9 1919 1 1938 12 1928 1 1936 4 1 10 1931 1932 2008 19530274 1. 2 1930 5 1 1931 6 12 1936 11 2 1 1919 1 1938 12 1963 1927 1 1936 4 1 2 3 4 7 10 1927 1 1936 4

More information

GDPギャップと潜在成長率

GDPギャップと潜在成長率 2003 output gap 80 1 20 90 20 70 2 1 2 output gap potential output 1 2 (2001) 3 potential rate of growth 2000 Meyer (2000) European Central Bank: (1999b) 2002 10 4 3 (2000) 4 4 () 5 5 5 6 () () 7 Total

More information

論文08.indd

論文08.indd * 1 はじめに,, TOPIX TOPIX, TOPIX TOPIX Shelor Anderson and Cross C Japan Society of Monetary Economics 図 1 東日本大震災前後の株価 (TOPIX) の推移 1,000 950 900 850 800 750 700 図 2 阪神大震災前後の株価 (TOPIX) の推移 1,650 1,550 1,450

More information

財政赤字の経済分析:中長期的視点からの考察

財政赤字の経済分析:中長期的視点からの考察 1998 1999 1998 1999 10 10 1999 30 (1982, 1996) (1997) (1977) (1990) (1996) (1997) (1996) Ihori, Doi, and Kondo (1999) (1982) (1984) (1987) (1993) (1997) (1998) CAPM 1980 (time inconsistency) Persson, Persson

More information

, 3, 1999, 4,,

, 3, 1999, 4,, 1, 1992 2005,,, 10 2,, 1992 1998 1,,, 1998 2002 2,, 3,,, 2002, 2002 3 1 2 1 , 3, 1999, 4,, 3 14 11 2 I, 10,, 1992 2005, 2,, 3, 4,, II,, 1992 1998 1,, 1998 2002 2 2002 3 II-1: 1 1993 1998 90,, 1995 6850,,

More information

#10094931_信金7月号.indb

#10094931_信金7月号.indb 2006. 7 2006 7 2 4 24 41 58 84 85 97 99 2006 7 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55

More information

IMES DISCUSSION PAPER SERIES Discussion Paper No. 99-J- 9 -J-19 INSTITUTE FOR MONETARY AND ECONOMIC STUDIES BANK OF JAPAN

IMES DISCUSSION PAPER SERIES Discussion Paper No. 99-J- 9 -J-19 INSTITUTE FOR MONETARY AND ECONOMIC STUDIES BANK OF JAPAN IMES DISCUSSION PAPER SERIES Discussion Paper No. 99-J- 9 -J-19 INSTITUTE FOR MONETARY AND ECONOMIC STUDIES BANK OF JAPAN 100-8630 03 IMES Discussion Paper Series 99-J- 9 -J-19 1999 6 * * [1999] *(E-mail:

More information

, 1), 2) (Markov-Switching Vector Autoregression, MSVAR), 3) 3, ,, , TOPIX, , explosive. 2,.,,,.,, 1

, 1), 2) (Markov-Switching Vector Autoregression, MSVAR), 3) 3, ,, , TOPIX, , explosive. 2,.,,,.,, 1 2016 1 12 4 1 2016 1 12, 1), 2) (Markov-Switching Vector Autoregression, MSVAR), 3) 3, 1980 1990.,, 225 1986 4 1990 6, TOPIX,1986 5 1990 2, explosive. 2,.,,,.,, 1986 Q2 1990 Q2,,. :, explosive, recursiveadf,

More information

Winter 図 1 図 OECD OECD OECD OECD 2003

Winter 図 1 図 OECD OECD OECD OECD 2003 266 Vol. 44 No. 3 I 序論 Mirrlees 1971 Diamond 1998 Saez 2002 Kaplow 2008 1 700 900 1, 300 1, 700 II III IV V II わが国の再分配の状況と国際比較 OECD Forster and Mira d Ercole 2005 2006 2001 Winter 08 267 図 1 図 2 2000 2

More information

[17]Holmström and Tirole (2000) (1) (2) (1) (2) 1 1 2

[17]Holmström and Tirole (2000) (1) (2) (1) (2) 1 1 2 2002 4 1 1990 1 525-8577 1-1-1. Tel.: 077-561-4855. Fax.: 077-561-3964. E-mail: khori@ec.ritsumei.ac.jp 1 [17]Holmström and Tirole (2000) (1) (2) (1) (2) 1 1 2 MM MM MM MM CP 0 3 1 1990 1970 2 2 1 1 17%

More information

第一次大戦後の日本における国債流通市場の制度改革

第一次大戦後の日本における国債流通市場の制度改革 IMES DISCUSSION PAPER SERIES Discussion Paper No. 2009-J-23 INSTITUTE FOR MONETARY AND ECONOMIC STUDIES BANK OF JAPAN 103-8660 2-1-1 http://www.imes.boj.or.jp IMES Discussion Paper Series 2009-J-23 2009

More information

安全・安心な社会を目指して―現代社会病理の背景に関する有識者ヒアリングとりまとめ-

安全・安心な社会を目指して―現代社会病理の背景に関する有識者ヒアリングとりまとめ- 1 http://www.esri.go.jp/jp/prj/social/social_main.html 2 3 4 5 I 1990 2 II 16 6 20 3,000 2,136 71.2 16 15 16 20 50 3001 55.9 65.8 64.0 55.6 51.4 50 60 3 4 30 50 40 40 30 30 5 79.4 86.1 67.8 44.6 48.8 41.1

More information

44 4 I (1) ( ) (10 15 ) ( 17 ) ( 3 1 ) (2)

44 4 I (1) ( ) (10 15 ) ( 17 ) ( 3 1 ) (2) (1) I 44 II 45 III 47 IV 52 44 4 I (1) ( ) 1945 8 9 (10 15 ) ( 17 ) ( 3 1 ) (2) 45 II 1 (3) 511 ( 451 1 ) ( ) 365 1 2 512 1 2 365 1 2 363 2 ( ) 3 ( ) ( 451 2 ( 314 1 ) ( 339 1 4 ) 337 2 3 ) 363 (4) 46

More information

i ii i iii iv 1 3 3 10 14 17 17 18 22 23 28 29 31 36 37 39 40 43 48 59 70 75 75 77 90 95 102 107 109 110 118 125 128 130 132 134 48 43 43 51 52 61 61 64 62 124 70 58 3 10 17 29 78 82 85 102 95 109 iii

More information

ii iii iv CON T E N T S iii iv v Chapter1 Chapter2 Chapter 1 002 1.1 004 1.2 004 1.2.1 007 1.2.2 009 1.3 009 1.3.1 010 1.3.2 012 1.4 012 1.4.1 014 1.4.2 015 1.5 Chapter3 Chapter4 Chapter5 Chapter6 Chapter7

More information

Tezukayama RIEB Discussion Paper Series No. 7 地方政府間の距離が財政調整に対する態度に与える影響 - 独裁者ゲーム実験からの示唆 - 竹本亨 小川一仁 高橋広雅 鈴木明宏 伊藤健宏 帝塚山大学 関西大学 広島市立大学 山形大学 岩手県立大学 経済学部 社

Tezukayama RIEB Discussion Paper Series No. 7 地方政府間の距離が財政調整に対する態度に与える影響 - 独裁者ゲーム実験からの示唆 - 竹本亨 小川一仁 高橋広雅 鈴木明宏 伊藤健宏 帝塚山大学 関西大学 広島市立大学 山形大学 岩手県立大学 経済学部 社 Tezukayama RIEB Discussion Paper Series No. 7 地方政府間の距離が財政調整に対する態度に与える影響 - 独裁者ゲーム実験からの示唆 - 竹本亨 小川一仁 高橋広雅 鈴木明宏 伊藤健宏 帝塚山大学 関西大学 広島市立大学 山形大学 岩手県立大学 経済学部 社会学部 国際学部 人文学部 総合政策学部 2013 年 11 月 Tezukayama University

More information

5 I The Current Situation and Future Prospects of the North Korean Economy presented at the 2014 Korea Dialogue Conference on Strengthenin

5 I The Current Situation and Future Prospects of the North Korean Economy presented at the 2014 Korea Dialogue Conference on Strengthenin 5 I. 3 1 1990 2 The Current Situation and Future Prospects of the North Korean Economy presented at the 2014 Korea Dialogue Conference on Strengthening North Pacific Cooperation organized by the East-West

More information

物価変動の決定要因について ― 需給ギャップと物価変動の関係の国際比較を中心に―

物価変動の決定要因について ― 需給ギャップと物価変動の関係の国際比較を中心に― NAIRU NAIRU NAIRU GDPGDP NAIRUNon- Accelerating Inflation Rate of Unemployment GDP GDP NAIRU Lown and RichFisher, Mahadeva and Whitley raw materials G NAIRUTurnerFai WatanabeNAIRU Watanabe nested NAIRU

More information

自殺の経済社会的要因に関する調査研究報告書

自殺の経済社会的要因に関する調査研究報告書 17 1 2 3 4 5 11 16 30,247 17 18 21,024 +2.0 6 12 13 WHO 100 14 7 15 2 5 8 16 9 10 17 11 12 13 14 15 16 17 II I 18 Durkheim(1897) Hamermesh&Soss(1974)Dixit&Pindyck(1994) Becker&Posner(2004) Rosenthal(1993)

More information

OECD INVEST JAPAN jp/ij/index.htm

OECD INVEST JAPAN   jp/ij/index.htm Powered by TCPDF (www.tcpdf.org) Title OECD 諸国における経営資源の収益率の推計 Sub Title Rates of return on managerial resources : the case of OECD countries Author 遠藤, 正寛 (Endoh, Masahiro) Publisher 慶應義塾大学出版会 Publication

More information

1990年代以降の日本の経済変動

1990年代以降の日本の経済変動 1990 * kenichi.sakura@boj.or.jp ** hitoshi.sasaki@boj.or.jp *** masahiro.higo@boj.or.jp No.05-J-10 2005 12 103-8660 30 * ** *** 1990 2005 12 1990 1990 1990 2005 11 2425 BIS E-mail: kenichi.sakura@boj.or.jp

More information

COE-RES Discussion Paper Series Center of Excellence Project The Normative Evaluation and Social Choice of Contemporary Economic Systems Graduate Scho

COE-RES Discussion Paper Series Center of Excellence Project The Normative Evaluation and Social Choice of Contemporary Economic Systems Graduate Scho COE-RES Discussion Paper Series Center of Excellence Project The Normative Evaluation and Social Choice of Contemporary Economic Systems Graduate School of Economics and Institute of Economic Research

More information

デフレの定義(最新版).PDF

デフレの定義(最新版).PDF DP/01-1 Director General for Economic Assessment and Policy Analysis CABINET OFFICE E-mail : naoki.okamoto@mfs.cao.go.jp 1 2 3 i (ii) 4 5 Deflation defined as at least two consecutive years of price decreases.

More information

1 3 i i MURC 1/10

1 3 i i MURC 1/10 2010 10 1 (*) (*) 2010 9 17 108-8248 2-16-4 TEL03-6711-1241 1 3 i 2010 2010 21 15 38 1618 25 14 1517 11 8 15 1618 25 i MURC 1/10 http://www.murc.jp//politics_c1/pol_report/ 60 64 2 1,000 ii 30 29 32 31

More information

橡表紙参照.PDF

橡表紙参照.PDF CIRJE-J-58 X-12-ARIMA 2000 : 2001 6 How to use X-12-ARIMA2000 when you must: A Case Study of Hojinkigyo-Tokei Naoto Kunitomo Faculty of Economics, The University of Tokyo Abstract: We illustrate how to

More information

デフレ不況下の金融政策をめぐる政治過程

デフレ不況下の金融政策をめぐる政治過程 1991 2003 GDP....................................... http://www.stat.go.jp/ http://www.boj.or.jp/ GDP http://www.esri.cao.go.jp/ GDP - - - inflation targeting Krugman a IS-LM liquidity trap Krugman b Krugman

More information

非営利組織における純資産と負債の区分

非営利組織における純資産と負債の区分 IMES DISCUSSION PAPER SERIES Discussion Paper No. 2009-J-11 INSTITUTE FOR MONETARY AND ECONOMIC STUDIES BANK OF JAPAN 103-8660 2-1-1 http://www.imes.boj.or.jp IMES Discussion Paper Series 2009-J-11 2009

More information

三石貴志.indd

三石貴志.indd 流通科学大学論集 - 経済 情報 政策編 - 第 21 巻第 1 号,23-33(2012) SIRMs SIRMs Fuzzy fuzzyapproximate approximatereasoning reasoningusing using Lukasiewicz Łukasiewicz logical Logical operations Operations Takashi Mitsuishi

More information

’M‰à„”Łñ2004-06PDFŠp

’M‰à„”Łñ2004-06PDFŠp Shinkin Central Bank Monthly Review 2004. 6 Shinkin Central B a n k Monthly Review 2004 6 2 23 46 63 73 75 2004 6 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33

More information

国際流動性に関する財政的側面について

国際流動性に関する財政的側面について IMF SDR IMF 2011 6 1 2 2011 E-mail: obstfeld@econ.berkeley.edu / /2011.10 35 1. 2007 2009 2 Goodhart [1999] 2010 11 2. 4 1970 IMF 1960 36 /2011.10 international reserve 1 D 35 1 D 35 1960 Eichengreen [2011]

More information

活用ガイド (ソフトウェア編)

活用ガイド (ソフトウェア編) ii iii iv NEC Corporation 1998 v vi PA RT 1 vii PA RT 2 viii PA RT 3 PA RT 4 ix P A R T 1 2 3 1 4 5 1 1 2 1 2 3 4 6 1 2 3 4 5 7 1 6 7 8 1 9 1 10 1 2 3 4 5 6 7 8 9 10 11 11 1 12 12 1 13 1 1 14 2 3 4 5 1

More information

わが国銀行業の将来像― 預金通貨需要からのアプローチによるマクロ的サイズの検討―

わが国銀行業の将来像― 預金通貨需要からのアプローチによるマクロ的サイズの検討― M1GDP M2M1 M1GDP M2M1 E-mail: kazuhiko.ishida@boj.or.jp E-mail: hitoshi.mio@boj.or.jp M2GDP Modigliani-Miller: MM Hoshi and Kashyap HKHK HK Quarterly Financial Report for Manufacturing, Mining and Trade

More information

PDFŠpŒ{Ł¶

PDFŠpŒ{Ł¶ Shinkin Central Bank Monthly Review 2003.12 hinkin Central Bank Monthly Review 200312 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Community Banker 24 25 26 27 28 29 30 31 32 33 34 35 36

More information

(Junjiro Ogawa),,,,, 1 IT (Internet Technology) (Big-Data) IoT (Internet of Things) ECO-FORUM 2018 ( ) ( ) ( ) ( ) 1

(Junjiro Ogawa),,,,, 1 IT (Internet Technology) (Big-Data) IoT (Internet of Things) ECO-FORUM 2018 ( ) ( ) ( ) ( ) 1 SDS-6 失われた 50 年 : ビッグデータ時代における統計科学の人材育成の課題 国友直人 November 2017 Statistics & Data Science Series back numbers: http://www.mims.meiji.ac.jp/publications/datascience.html 50 2017 10 50 (Junjiro Ogawa),,,,,

More information

2 / 24

2 / 24 2017 11 9 1 / 24 2 / 24 Solow, 1957 total factor productivity; TFP 5% 経済成長率の要因分解 4% 3% 2.68% 2.51% 2% 1% 0% 1.63% 1.50% 0.34% 0.42% 0.55% 0.97% 1.14% 0.86% 0.13% -0.59% -0.59% -0.09% 0.01% -1% 1970-80

More information

ii

ii HPSI Hosei University Policy Science Institute i ii iii iv Cool Japan) - 1 - - 2 - - 3 - - 4 - - 5 - - 6 - - 7 - - 8 - CSBS - 9 - - 10-21 - 11 - - 12 - - 13 - - 14 - - 15 - - 16 - - 17 - - 18 - - 19 -

More information

研究シリーズ第40号

研究シリーズ第40号 165 PEN WPI CPI WAGE IIP Feige and Pearce 166 167 168 169 Vector Autoregression n (z) z z p p p zt = φ1zt 1 + φ2zt 2 + + φ pzt p + t Cov( 0 ε t, ε t j )= Σ for for j 0 j = 0 Cov( ε t, zt j ) = 0 j = >

More information

Powered by TCPDF ( Title 金利現実化措置以後の韓国における企業金融 : 年 Sub Title Korean corporate finance between 1965 and 1971 Author 李, 明輝 (Lee,

Powered by TCPDF (  Title 金利現実化措置以後の韓国における企業金融 : 年 Sub Title Korean corporate finance between 1965 and 1971 Author 李, 明輝 (Lee, Powered by TCPDF (www.tcpdf.org) Title 金利現実化措置以後の韓国における企業金融 : 1965 1971 年 Sub Title Korean corporate finance between 1965 and 1971 Author 李, 明輝 (Lee, Myunghwi) Publisher 慶應義塾経済学会 Publication year 2016

More information

SC-85X2取説

SC-85X2取説 I II III IV V VI .................. VII VIII IX X 1-1 1-2 1-3 1-4 ( ) 1-5 1-6 2-1 2-2 3-1 3-2 3-3 8 3-4 3-5 3-6 3-7 ) ) - - 3-8 3-9 4-1 4-2 4-3 4-4 4-5 4-6 5-1 5-2 5-3 5-4 5-5 5-6 5-7 5-8 5-9 5-10 5-11

More information

untitled

untitled IV 1 IV 2 (i) 2 0.13 0.23 1 (i) 3 ( 0.11 0.19 0.5% 2 (ii) 1% (ii) 1,000, 1,000 (1 Q) G A 0.02 {e i ) 1} Q (e 5 1) 0.02 β Ρ (iii) 1 1 QG {e ig ( i G ) 1} QG (e 5 1) Ρ e in e i G n Q e in 1 e i G n 1 1 1

More information

名称未設定-1.indd

名称未設定-1.indd REPORT 2O14 REPORT 2O14 AIZU SHINKIN BANK REPORT 2014 1 2 AIZU SHINKIN BANK REPORT 2014 AIZU SHINKIN BANK REPORT 2014 3 4 AIZU SHINKIN BANK REPORT 2014 AIZU SHINKIN BANK REPORT 2014 5 6 AIZU SHINKIN BANK

More information

表紙.indd

表紙.indd REPORT 2O15 REPORT 2O15 AIZU SHINKIN BANK REPORT 2015 1 2 AIZU SHINKIN BANK REPORT 2015 AIZU SHINKIN BANK REPORT 2015 3 4 AIZU SHINKIN BANK REPORT 2015 AIZU SHINKIN BANK REPORT 2015 5 6 AIZU SHINKIN BANK

More information

<4D6963726F736F667420506F776572506F696E74202D208376838C835B83938365815B835683878393312E707074205B8CDD8AB78382815B83685D>

<4D6963726F736F667420506F776572506F696E74202D208376838C835B83938365815B835683878393312E707074205B8CDD8AB78382815B83685D> i i vi ii iii iv v vi vii viii ix 2 3 4 5 6 7 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60

More information

........,.,.,..,.,.,.,.,.,.,.,., International Capital Market Litan et al a b c d M&A a a b E- e- Litan et al. : Table Levine World Bank Levine Greenwald et al. B R F R r R R r B R r B R r B R R Stiglitz

More information

和RIMNo.22高安氏.indd

和RIMNo.22高安氏.indd NIEsGDP 1990 200436.1 22.365.1 80 GDP 4 RIM 2006 Vol.6 No.22 RIM 2006 Vol.6 No.22 5 NIEs GDP GDP GDP GDP 90 GDP 1951 80 81 90 90 90 2001 2003 GDP 80 90 2001 2002 GDP 87GDP 80 GDP GDP 6 RIM 2006 Vol.6 No.22

More information

, Exchange & Finamce

, Exchange & Finamce 10 35 50 10 20 1210 18 15 15, 7.5 10 13 50 10 10 10 10 10 10 1225 7.5 10 1.3 10 6.8 5.5 142 25 Exchange & Finamce 1210 10 2.75 2.5 2.5 1210 10 12 1.5 10 10 1.7 1.5 1.5 1.2 1.5 1.5 10 1.4 1.3 1.3 10 12,900

More information

OSIPP40_p1_2.eps

OSIPP40_p1_2.eps 2006 年 秋号 No.40 1 2 Asia-Pacific Financial Markets Review of Pacific Basin Financial Markets and Policies Studies on a Second Generation of Disequilibrium Economics International Economic Integration and

More information

Vol.57 No.4 March 2008 : () 1 () () (1 ) (2 ) ( ) 1 Takagi (1989)Hamao (1992) (1998)

Vol.57 No.4 March 2008 : () 1 () () (1 ) (2 ) ( ) 1 Takagi (1989)Hamao (1992) (1998) Title Author(s) 東京証券取引所における株式取引 : 2001 年から 2003 年 太田, 亘 Citation 大阪大学経済学. 57(4) P.242-P.262 Issue Date 2008-03 Text Version publisher URL https://doi.org/10.18910/15995 DOI 10.18910/15995 rights Vol.57

More information

....671-......3.Z...QXD (Page 1)

....671-......3.Z...QXD (Page 1) http://www.mhlw.go.jp/topics///tp- /.html , ..,,, .......... p. p. p. p. p. p. p. p. p http://bktp.org/news/. pp.- pp. -. pp. -. pp.-. COE pp.-. pp.-. pp.-. pp. -. pp.-. pp.-. ESRI Discussion

More information

Japanese Journal of Family Sociology, 29(1): (2017)

Japanese Journal of Family Sociology, 29(1): (2017) 29 1 2017.4 要 約 47 1 2 3 4 2017291: 19 33 Relation of Social Stratum to Parental Education Strategies in Small Cities in Modern China: A Case Study of Shadow Education in Cixi City, Zhejiang Province,

More information

日本初期貨幣研究史略 ─和同開珎と富本銭・無文銀銭の評価をめぐって─

日本初期貨幣研究史略 ─和同開珎と富本銭・無文銀銭の評価をめぐって─ IMES DISCUSSION PAPER SERIES Discussion Paper No. 2004-J-14 INSTITUTE FOR MONETARY AND ECONOMIC STUDIES BANK OF JAPAN 103-8660 30 http://www.imes.boj.or.jp IMES Discussion Paper Series 2004-J-14 2004

More information

最適電源構成モデルを用いた卸電力取引市場の経済厚生の評価分析

最適電源構成モデルを用いた卸電力取引市場の経済厚生の評価分析 RIETI Discussion Paper Series 07-J-044 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \

More information

082_rev2_utf8.pdf

082_rev2_utf8.pdf 3 1. 2. 3. 4. 5. 1 3 3 3 2008 3 2008 2008 3 2008 2008, 1 5 Lo and MacKinlay (1990a) de Jong and Nijman (1997) Cohen et al. (1983) Lo and MacKinlay (1990a b) Cohen et al. (1983) de Jong and Nijman (1997)

More information

i

i 14 i ii iii iv v vi 14 13 86 13 12 28 14 16 14 15 31 (1) 13 12 28 20 (2) (3) 2 (4) (5) 14 14 50 48 3 11 11 22 14 15 10 14 20 21 20 (1) 14 (2) 14 4 (3) (4) (5) 12 12 (6) 14 15 5 6 7 8 9 10 7

More information

RIETI Highlight VOL.25

RIETI Highlight VOL.25 RIETI Highlight 2009 SUMMER 25 VOL. Research Digest RIETI 2009 SUMMER VOL. 25 Highlight 1 2 3 5 8 10 12 13 14 19 ResearchDigest 20 24 28 32 36 38 40 41 42 44 45 RIETI Topics 01 CONTENTS 02 RIETI Highlight

More information

..,,...,..,...,,.,....,,,.,.,,.,.,,,.,.,.,.,,.,,,.,,,,.,,, Becker., Becker,,,,,, Becker,.,,,,.,,.,.,,

..,,...,..,...,,.,....,,,.,.,,.,.,,,.,.,.,.,,.,,,.,,,,.,,, Becker., Becker,,,,,, Becker,.,,,,.,,.,.,, J. of Population Problems. pp.,,,.,.,,. Becker,,.,,.,,.,,.,,,,.,,,.....,,. ..,,...,..,...,,.,....,,,.,.,,.,.,,,.,.,.,.,,.,,,.,,,,.,,, Becker., Becker,,,,,, Becker,.,,,,.,,.,.,, ,,, Becker,,., Becker,

More information

292 Vol. 44 No refundable tax credit Mirrlees 1971 Friedman

292 Vol. 44 No refundable tax credit Mirrlees 1971 Friedman Winter 08 291 I はじめに Shinozaki 2005 2006 OECD United Nations 2007 OECD 2008 2 1 2006 2005 2 2006 refundable tax credit 2006 292 Vol. 44 No. 3 3 1 2 refundable tax credit 3 10 5 5 10 5 2 1 Mirrlees 1971

More information

日本における財政政策のインパクトー1990年代のイベント・スタディー

日本における財政政策のインパクトー1990年代のイベント・スタディー FTPL FTPL sustainability FTPL fiscal theory of the price level FTPL Fukuda and Teruyama Giavazzi and Pagan Giavazzi and Pagano Alesina and PerottiSutherlandPerottiGiavazzi, Jappelli and Pagano FTPL LeeperSimsWoodford

More information

The Institute for Economic Studies Seijo University 6 1 20, Seijo, Setagaya Tokyo 157-8511, Japan The Institute for Economic Studies Green Paper No. 59 Consumers Decision on the Choice of Small Payment

More information

第1部 一般的コメント

第1部 一般的コメント (( 2000 11 24 2003 12 31 3122 94 2332 508 26 a () () i ii iii iv (i) (ii) (i) (ii) (iii) (iv) (a) (b)(c)(d) a) / (i) (ii) (iii) (iv) 1996 7 1996 12

More information

公務員倫理問題への新アプローチ

公務員倫理問題への新アプローチ OECD CPI CPI CPI CPI CPI CPI / GDP / / / /.............................. Transparency International Corruption Perception Index CPI CPI 30 25 20 15 10 5 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

More information

橡motonishi.PDF

橡motonishi.PDF 2000 3 ITME Discussion Paper No.26 850-8506 4-2-1 moto@net.nagasaki-u.ac.jp 1 1 MRF 1 (2000) 2 MRF 2 Schreft (1997) 3 2 Tobin (1985) Friedman (1992) 3 3 4 5 3 4 5 2 White (1984) 1 4 (1996) (1999) (1999)

More information

日本の世帯属性別貯蓄率の動向について:アップデートと考察

日本の世帯属性別貯蓄率の動向について:アップデートと考察 RIETI Discussion Paper Series 18-J-024 RIETI Discussion Paper Series 18-J-024 2018 年 8 日本の世帯属性別貯蓄率の動向について : アップデートと考察 1 宇南 卓 ( 経済産業研究所 ) 野太郎 ( 信州 学 ) 要 旨 全国消費実態調査 家計調査 家計消費状況調査を補完的に利用することでマクロ統計と整合的な貯蓄率のデータを構築した宇南山

More information

表1票4.qx4

表1票4.qx4 iii iv v 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 22 23 10 11 24 25 26 27 10 56 28 11 29 30 12 13 14 15 16 17 18 19 2010 2111 22 23 2412 2513 14 31 17 32 18 33 19 34 20 35 21 36 24 37 25 38 2614

More information

SNAと家計調査における貯蓄率の乖離-日本の貯蓄率低下の要因-

SNAと家計調査における貯蓄率の乖離-日本の貯蓄率低下の要因- RIETI Discussion Paper Series 10-J-003 RIETI Discussion Paper Series 10-J-003 2009 年 12 月 SNA と家計調査における貯蓄率の乖離 - 日本の貯蓄率低下の要因 - 宇南山卓 ( 神戸大学大学院経済学研究科 ) 要 旨 SNA と家計調査から計算される家計貯蓄率の乖離の原因を明らかにし 日本の貯蓄率の低下の原因を考察した

More information

第1章 国民年金における無年金

第1章 国民年金における無年金 1 2 3 4 ILO ILO 5 i ii 6 7 8 9 10 ( ) 3 2 ( ) 3 2 2 2 11 20 60 12 1 2 3 4 5 6 7 8 9 10 11 12 13 13 14 15 16 17 14 15 8 16 2003 1 17 18 iii 19 iv 20 21 22 23 24 25 ,,, 26 27 28 29 30 (1) (2) (3) 31 1 20

More information

表紙_目次.PDF

表紙_目次.PDF JIL 2 1980 vol.3 15 3 1 3 15 18 IT 26 28 33 20 OECD 80 90 (1998) (2000) 2 Aghion et al. (1999) OECD 1970 1 2 70 1980 90 1.1 Kuznets U inverted U-shaped hypothesis GNP U 1 18901940 6 3 Kuznets(1955) (1963)

More information

60 Vol. 44 No. 1 2 準市場 化の制度的枠組み: 英国 教育改革法 1988 の例 Education Reform Act a School Performance Tables LEA 4 LEA LEA 3

60 Vol. 44 No. 1 2 準市場 化の制度的枠組み: 英国 教育改革法 1988 の例 Education Reform Act a School Performance Tables LEA 4 LEA LEA 3 Summer 08 59 I はじめに quasi market II III IV V 1 II 教育サービスにおける 準市場 1 教育サービスにおける 準市場 の意義 Education Reform Act 1988 1980 Local Education Authorities LEA Le Grand 1991 Glennerster 1991 3 1 2 3 2 60 Vol. 44

More information

ボーナス制度と家計貯蓄率-サーベイ・データによる再検証-

ボーナス制度と家計貯蓄率-サーベイ・データによる再検証- ESRI Discussion Paper Series No.139 by May 2005 Economic and Social Research Instute Cabinet Office Tokyo, Japan * 400 : JEL classification: D12, E21 * 186-8603 2-1 042-580-8369 FAX 042-580-8333 1 Abstract

More information