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1 Can Performance of Indigenous Factors Influence Growth and Globalisation?

By  and Kui-wai LiIris A. J. Pang, Michael C. M. Ng and Kui-wai LiIris A. J. Pang, Michael C. M. Ng and Kui-wai Li

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 economie

Topics: Acknowledgements
Year: 2007
OAI identifier: oai:CiteSeerX.psu:10.1.1.412.7538
Provided by: CiteSeerX
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