Indonesian industrialization: A latecomer adjusting to crises
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Does Social Capital Promote Industrialization? Evidence from a Rapid Industrializer
A new stylized fact in development economics is the importance of social capital in promoting economic growth. This paper examines the effect of social capital on industrialization in Indonesia. We analyze a rich set of social capital and social interaction measures, including voluntary associational activity and levels of trust and informal cooperation. The main finding is that initial social ...
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