권역별 금융 구조 및 역할변화와 1인당 부가가치 간 영향분석 = Effects of changes in the role of regional finance on the value added per capita for manufacturing sector

다국어 초록 (Multilingual Abstract)

This paper investigates the effects of finance on regional economic growth since the Asian financial crisis of 1997 through a panel analysis. This crisis has reduced the role of non-bank depository institutions through the restructuring of regional enterprises and financial institutions and thus had a negative effect on small regional manufacturers. As a result, on the increase of regional manufacturing value added per capita, effect of non-bank depository institution variables proved to be much less than those of depository money bank, and it was verified that, especially after 2001 when IMF restructuring ended, the role of regional retail financial institution has been remarkably reduced. Looking at the result of empirical analysis after 2000 to identify the effect of reduced role for regional retail financial institutions on enterprises by size, variables of depository money bank appeared to be significant for large and small enterprises while variables of non-bank depository institutions relatively has had effect on small enterprises. As to manufacturing technological progress, on small and med-sized enterprises, depository money bank turned out to have a larger effect. That is, in terms of profitability, non-bank depository institution has contributed but depository money bank has a larger effect on technological progress.