Research Programs: New Industrial Policy

Dynamics, Energy and Environment, and Growth of Small- and Medium-sized Enterprises

Project Leader/Sub-Leader

AOYAMA Hideaki

AOYAMA Hideaki (Faculty Fellow)



A large portion of the Japanese small- and medium-sized enterprises has been covered in the Credit Risk Database for over 10 years. Using this database, this project aims to analyze the structure and growth of these enterprises and identify industrial sectors or groups that are strong in innovation and therefore are expected to grow. Furthermore, we will seek their identification through financial analysis. The correlation between their growth and CO2 emission and energy consumption is also studied, with the aim of finding a political system that can support the sustainable growth of small- and medium-sized enterprises.

September 26, 2011 - September 30, 2013

Major Research Results


RIETI Discussion Papers

RIETI Policy Discussion Papers


RIETI Discussion Papers