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Economic growth

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Full-Text Articles in Growth and Development

From Efficiency-Driven To Innovation-Driven Economic Growth: Perspectives From Singapore, Kim Song Tan, Sock-Yong Phang May 2004

From Efficiency-Driven To Innovation-Driven Economic Growth: Perspectives From Singapore, Kim Song Tan, Sock-Yong Phang

Research Collection School Of Economics

The Singapore economy is going through a period of major restructuring. Economic stagnation since the 1997 Asia financial crisis (except for a brief recovery in 1999) has called into question the continued relevance of many fundamental policies that had worked well in the past. In 2002, a high-level Economic Review Committee (ERC) was convened by the government to chart new directions for the economy. A common thread that ran through the committee’s various reports was a call to enhance the economy’s innovative capacity, with the aim of making Singapore an innovation hub in the region. The call reflects an increased …


Venture Capital And Economic Growth: An Industry Overview And Singapore's Experience, Francis Koh, Winston T. H. Koh Nov 2002

Venture Capital And Economic Growth: An Industry Overview And Singapore's Experience, Francis Koh, Winston T. H. Koh

Research Collection School Of Economics

This paper provides an overview of the venture capital industry, and its development in Asia and Singapore. Venture capital plays an important role in innovation and economic growth. Indeed, the resurgence of the United States as a technology leader is intimately linked to the success of Silicon Valley. As Singapore enters the next phase of economic development, the creation of internal engines of growth is an urgent task. The Singapore government has done much to provide an environment for entrepreneurship to thrive. Its success at replicating the Silicon Valley culture will be important for Singapore’s future economic success.


Venture Capital And Economic Growth: An Industry Overview And Singapore's Experience, Francis Koh, Winston T. H. Koh Nov 2002

Venture Capital And Economic Growth: An Industry Overview And Singapore's Experience, Francis Koh, Winston T. H. Koh

Research Collection Lee Kong Chian School Of Business

This paper provides an overview of the venture capital industry, and its development in Asia and Singapore. Venture capital plays an important role in innovation and economic growth. Indeed, the resurgence of the United States as a technology leader is intimately linked to the success of Silicon Valley. As Singapore enters the next phase of economic development, the creation of internal engines of growth is an urgent task. The Singapore government has done much to provide an environment for entrepreneurship to thrive. Its success at replicating the Silicon Valley culture will be important for Singapore's future economic success.


Endogenous Growth And Equilibrium Unemployment In A North-South Model Of The World Economy, Hian Teck Hoon Feb 2002

Endogenous Growth And Equilibrium Unemployment In A North-South Model Of The World Economy, Hian Teck Hoon

Research Collection School Of Economics

A North-South model is developed which incorporates an endogenous rate of equilibrium unemployment in the North in the context of long-run growth. It is shown how increases in the size of public debt and unemployment compensation financed by payroll taxation, all measured relative to productivity, raise the Northern natural rate of unemployment and, consequently, reduce the global rate of long-run growth. The effect of the shocks is also to drive down the rate of employment expansion in the South. A set of the fundamental determinants of the world terms of trade is obtained, which includes policy parameters.


Structural Transformation And Economic Growth In Hong Kong : Another Look At Young's "A Tale Of Two Cities", Hiroyuki Imai Jan 2000

Structural Transformation And Economic Growth In Hong Kong : Another Look At Young's "A Tale Of Two Cities", Hiroyuki Imai

CAPS Working Paper Series

Young (A Tale of Two Cities, 1992 and the Tyranny of Numbers, 1995) demonstrated, based on the data from the 1960s to the 1980s, that the total factor productivity (TFP) growth since the mid-1980s owed much to the establishment of the cross-border division of labor in which Hong Kong relocated manufacturing to the Mainland and provided support and entrepot trade services in the form of service exports. Nevertheless, growth since the 1980s came largely from the declining manufacturing sector. The expanding services sector’s TFP growth, whether tradable or not, has been low. Hong Kong’s annual TFP growth rate dropped below …


Tourism Growth In Singapore: An Optimal Target, Habibullah Khan, Sock-Yong Phang, Rex S. Toh Jan 1996

Tourism Growth In Singapore: An Optimal Target, Habibullah Khan, Sock-Yong Phang, Rex S. Toh

Research Collection School Of Economics

No abstract provided.


Access To Capital And Technical Assistance, Richard J. Ward Sep 1994

Access To Capital And Technical Assistance, Richard J. Ward

New England Journal of Public Policy

This article summarizes and analyzes the views of select leaders in business, labor, banking, the government, and academia with regard to the constraints, obstacles, and recommendations to achieve economic growth in Massachusetts. The role of the state government in addressing these issues receives special attention. Access to capital and technical assistance had been regarded by many as the key constraint, particularly during the recession of the early 1990s. The author analyzes inconvenient government systems, bottlenecks, and bureaucracy as throttling the flow of capital to small-business entrepreneurs. The analysis concludes, however, that unless the state cum federal government finds ways to …


Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1992., Central Bank Of Nigeria Dec 1992

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1992., Central Bank Of Nigeria

CBN Annual Report

In 1992, Nigeria's economy faced significant pressures but showed resilience, with rapid growth in output and economic liquidity. The Central Bank of Nigeria (CBN) intensified efforts to achieve inflation and exchange rate stability while improving the efficiency of the financial sector. The financial sector experienced rapid growth and structural changes, with the strongest growth occurring in common unity banking and mortgage finance institutions. Monetary and credit aggregates expanded at unprecedented rates, matching the all-time highs of the oil boom era of the mid-seventies. Interest rates rose significantly, with both deposit and lending rates rising in tandem with the movements of …


The Cost Of Home Ownership In Vermont, 1975-1990, Arthur G. Woolf Sep 1992

The Cost Of Home Ownership In Vermont, 1975-1990, Arthur G. Woolf

New England Journal of Public Policy

Housing prices in Vermont, like those in the other New England states, shot up dramatically during the economic boom of the 1980s. This article investigates the causes of that price increase and focuses on the cost of home ownership in Vermont in the years 1975 to 1990. Cost of home ownership is defined as the percentage of family income needed to finance an average-price home. Although prices skyrocketed during the 1980s, the actual cost of home ownership as a percentage of income was about 15 percent greater in 1990 than it was during the mid-1970s. Housing price increases are expected …


Class, State And Development In India Edited By Berch Berberoglue, New Delhi: Sage Publications, 1992., Vinod Vyasulu Jun 1992

Class, State And Development In India Edited By Berch Berberoglue, New Delhi: Sage Publications, 1992., Vinod Vyasulu

IIMB Management Review

No abstract provided.


Adjustment Issues In Nigeria: Problems And Prospects, J. K. A. Olekah Sep 1991

Adjustment Issues In Nigeria: Problems And Prospects, J. K. A. Olekah

Bullion

This paper examines adjustment issues in Nigeria, with emphasis on identifying outstanding and emerging problems after SAP, ln achieving the above objective, the paper is divided into three ports as follows: Part I, discusses the main economic problems three years of Pre-SAP as well as analysing trends in major economic indicators and the factors underlying the trend, The main element and policy strategies of SAP are also examined in this part. Part ll analyses, three years of post-SAP with the view to highlighting outstanding and anticipated problems while Port lll is the prospects and concluding summary.


Export Growth And Economic Performance In Developing Countries: Further Evidence From Africa, John M. Mbaku Dec 1989

Export Growth And Economic Performance In Developing Countries: Further Evidence From Africa, John M. Mbaku

Faculty Articles

Several studies have established that a significant positive relationship exists between export expansion and economic growth. In this study we examine the effect of export growth on factor productivity in Africa. It is seen that export expansion significantly enhances economic growth in Africa.


Technology For Economic Development By P.D. Malgavkar, London: Oxford & Ibh Publishing, 1987., M R Gopalan Jul 1987

Technology For Economic Development By P.D. Malgavkar, London: Oxford & Ibh Publishing, 1987., M R Gopalan

IIMB Management Review

No abstract provided.


A Second Chance: Meeting The Needs Of Adult Learners, Elizabeth F. Fideler Jan 1987

A Second Chance: Meeting The Needs Of Adult Learners, Elizabeth F. Fideler

New England Journal of Public Policy

Changing demographics and economic factors are focusing national attention on adult learning as a major resource for solving many of the nation 's social and economic dilemmas. However, adult learners, the poor especially, face obstacles to educational advancement even where tuition is waived or incentive grants are given. Despite the considerable recent growth of adult education, the vast number of those who need it the most are not as yet participating. This article examines adult-education practices and participation in general — in the areas of literacy, occupational education, and higher learning — and conditions in Massachusetts in particular. It explains …


Japan's Economic Success Following Her World War Ii Defeat, Karen E. Davidock Apr 1973

Japan's Economic Success Following Her World War Ii Defeat, Karen E. Davidock

Business and Economics Honors Papers

This 78 page senior thesis examines the rate of Japan's economic growth since World War II.