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

Singapore Economic Review, Vol. 47, No. 2, pp. 243-267, 2002

Posted: 28 Mar 2003

See all articles by Winston T.H. Koh

Winston T.H. Koh

Singapore Management University - School of Social Sciences

Francis Koh

Singapore Management University - Lee Kong Chian School of Business

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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

JEL Classification: G24

Suggested Citation

Koh, Winston T.H. and Koh, Francis, Venture Capital and Economic Growth: An Industry Overview and Singapore's Experience. Singapore Economic Review, Vol. 47, No. 2, pp. 243-267, 2002. Available at SSRN: https://ssrn.com/abstract=383860

Winston T.H. Koh (Contact Author)

Singapore Management University - School of Social Sciences ( email )

469 Bukit Timah Road
Federal Building #02-08
Singapore, 259756
Singapore
+65 6822 0853 (Phone)
+65 6822 0833 (Fax)

Francis Koh

Singapore Management University - Lee Kong Chian School of Business ( email )

469 Bukit Timah Road
Federal Building #02-05
Singapore 912409
Singapore

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