Contribution of Financial Conditions to Successful Industrialization in East Asia

H. Peter Gray and Thomas A. Fetherston
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H. Peter Gray: Department of Finance, Rutgers University, New Brunswick, NJ 08903, USA
Thomas A. Fetherston: School of Business, University of Alabama at Birmingham, AL 35294, USA

Review of Pacific Basin Financial Markets and Policies (RPBFMP), 1998, vol. 01, issue 03, 419-435

Abstract: The economic success of the East Asian economies has been undisputable. In analyses of these accomplishments, attention has been given to virtually everything but the role of what are broadly interpreted as financial variables. This paper develops the contributions of financial phenomena to the East Asian success and argues that favorable financial conditions are necessary, but not sufficient for good long-term economic performance.

JEL-codes: G1 G2 G3 (search for similar items in EconPapers)
Date: 1998
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DOI: 10.1142/S0219091598000259

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