Venture Capital and Economic Growth: An Industry Overview and Singapore's Experience

Author

Francis KOH, Singapore Management UniversityFollow
Winston T. H. KOH, Singapore Management UniversityFollow

Publication Type

Working Paper

Version

publishedVersion

Publication Date

11-2002

Abstract

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.

Keywords

venture capital, private equity, economic growth, Silicon Valley, Singapore

Discipline

Asian Studies | Finance | Finance and Financial Management | Growth and Development

Research Areas

Applied Microeconomics; Finance

Volume

21-2002

First Page

1

Last Page

31

Publisher

SMU Economics and Statistics Working Paper Series, No. 21-2002

City or Country

Singapore

Citation

KOH, Francis and KOH, Winston T. H.. Venture Capital and Economic Growth: An Industry Overview and Singapore's Experience. (2002). 21-2002, 1-31.
Available at: https://ink.library.smu.edu.sg/soe_research/691

Copyright Owner and License

Authors

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.

Comments

Published in Singapore Economic Review. 47, (2), 243-267, https://doi.org/10.1142/S0217590802000535