Model, Myth, or Miracle?: Reassessing the Role of Governments in the East Asian Experience

by Weder, Beatrice

• ISBN13: 9789280810301
• ISBN10: 9280810308
• Format: Paperback
• Copyright: 1999-05-01
• Publisher: Brookings Inst Pr

Summary

This book investigates the role that institutional conditions played in the " Asian miracle" , and whether they had a part in causing the crisis.

Author Biography

Beatrice Weder is a professor of economics at the University of Basel, Switzerland.

Table of Contents

Introduction	p. 1
The Role of Government Performance in East Asia	p. 7
Public-private cooperation	p. 8
The bureaucracy	p. 12
Rule of law	p. 15
Corruption	p. 17
Political stability	p. 21
Measuring the Quality of Government Performance	p. 23
How to measure quality	p. 23
Main data sources	p. 26
Indicators	p. 28
Empirical strategy	p. 36
Limitations of subjective indicators	p. 38
Government Performance and Growth: What the Data Say	p. 43
Public-private cooperation	p. 43
The bureaucracy	p. 47
Rule of law	p. 49
Low levels of corruption	p. 53
Political system and political instability	p. 57
Summary of results	p. 61
Scorecards for East Asian Countries	p. 63
The scorecard	p. 63
Scores for Thailand	p. 66
Scores for Malaysia	p. 69
Scores for South Korea	p. 71
Scores for Singapore	p. 75
Scores for Hong Kong	p. 77
Growth in two city-states: Hong Kong and Singapore	p. 79
Expectations of future developments	p. 82
Overall rankings	p. 85
Causes and Consequences of Corruption	p. 89
Consequences of corruption: A second look	p. 90
Types of corruption	p. 95
Causes of corruption: A review of the literature	p. 100
Causes of corruption: The empirical evidence	p. 105
Crony capitalism and corruption	p. 111
Did corruption cause the Asian financial crisis?	p. 114
Conclusions	p. 119
Appendices	p. 121
I: Data description and sources	p. 123
Results of extended growth regressions	p. 129
Country coverage in the three main data sets	p. 135
Country rankings	p. 139
Corruption and "crony capitalism"	p. 151
References	p. 155
Index	p. 163
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