TY  - JOUR
AU  - Helliwell,John F.
TI  - Economic Growth and Social Capital in Asia
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 5470
PY  - 1996
Y2  - February 1996
UR  - http://www.nber.org/papers/w5470
L1  - http://www.nber.org/papers/w5470.pdf
N1  - Author contact info:
John F. Helliwell
Canadian Institute for Advanced Research
and Department of Economics
University of British Columbia
997-1873 East Mall
Vancouver BC V6T 1Z1
CANADA
Tel: 604/822-4953
Fax: 604/822-5915
E-Mail: john.helliwell@ubc.ca
AB  - 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.
ER  -