 Economic Growth and Social Capital in AsiaNo 5470, NBER Working Papers from National Bureau of Economic Research, Inc Abstract: The paper reviews the growth performance of different groups of Asian economies, confirms the role of openness as a key factor explaining the growth differences among the Asian economies, and undertakes a preliminary investigation of the role of social capital and institutions. The role of openness in explaining growth differences among the Asian economies appears to be if anything greater than has been established in global samples. Various measures of social capital and institutional quality were not found to add explanatory power, perhaps because of the shortage of comparable data for the Asian economies. It is conjectured that the prospects are good for the technological catchup that has taken place in South-East Asia to be repeated elsewhere in Asia, and especially South Asia, partly in response to recent increases in openness. The role of social capital and institutions in facilitating this catchup remains to be established. JEL-codes: F43 O57 (search for similar items in EconPapers) Published as The Asia Pacific Region in the Global Economy: A Canadian Perspective, Harris, Richard G., ed., Calgary: University of Calgary Press, 1996,pp. 21-42. Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:5470 Ordering information: This working paper can be ordered from Access Statistics for this paper More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC. |
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