Can Performance of Indigenous Factors Influence Growth and Globalization?

Kui-Wai Li (), Iris A.J. Pang and Michael C M Ng

MPRA Paper from University Library of Munich, Germany

Abstract: This paper employs a total of thirty four openness factors and indigenous factors to construct two indicators for 62 world economies for the period 1998-2002. While most globalization studies concentrated on openness factors, regression estimates and simulation studies show that sound performance in indigenous factors are crucial to an economy’s growth and globalization. Empirical evidence shows that an optimal performance in indigenous factors can be identified, and that successful globalized economies are equipped with strong performance in their indigenous factors.

Keywords: Globalization; indigenous factors; openness; world economies (search for similar items in EconPapers)
JEL-codes: C33 F43 (search for similar items in EconPapers)
Date: 2007-01
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Citations: View citations in EconPapers (2)

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Working Paper: Can Performance of Indigenous Factors Influence Growth and Globalisation?" (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:35299

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