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Diversity of institutional architectures underlying the technological system in Asian economies

  • Hironori Tohyama
  • Yuji Harada
Article
  • 108 Downloads

Abstract

This paper assesses whether the institutional architecture underlying the technological, systems in Asian economies are different from that of advanced economies, the possible existence of varieties of institutional architectures within Asian economies, and the characteristics of individual architectures. Our empirical analysis finds that Asian economies are similar, in that, the institutional domain, that is, the “state”, plays the most important role as a hub, combining other domains to bolster technological systems. We also find six clusters regarding technological architectures underlying the individual technological systems. These are as follows: India and the Philippines, characterized by a stagnant technological architecture; Vietnam, Indonesia, and Thailand, possibly dependent on agriculture and primary export products; China, with a vast internal market and whose architecture is distinctive in “science”; Korea and Japan, characterized by a well-established institutional architecture sustaining the technological system; Singapore and Hong Kong, which are open market-oriented and supported by a developed financial market; and Malaysia and Taiwan, where these individual countries are similar to Singapore and Hong Kong, and Korea and Japan, respectively. It follows from these findings that there are multiple institutional architectures promoting the technological system that could contribute to sustainable long-term economic growth in Asian economies.

Keywords

Asia Innovation Technology Institution Varieties of capitalism 

JEL Classification

O11 O30 P17 

Notes

Compliance with ethical standards

Conflict of interest

On behalf of all authors, the corresponding author states that there is no conflict of interest.

Supplementary material

40844_2016_31_MOESM1_ESM.pdf (24 kb)
Supplementary material 1 (PDF 23 kb)
40844_2016_31_MOESM2_ESM.pdf (29 kb)
Supplementary material 2 (PDF 28 kb)
40844_2016_31_MOESM3_ESM.pdf (36 kb)
Supplementary material 3 (PDF 36 kb)
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Supplementary material 4 (PDF 74 kb)

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Copyright information

© Japan Association for Evolutionary Economics 2016

Authors and Affiliations

  1. 1.Department of EconomicsShizuoka UniversitySzhizuokaJapan
  2. 2.Faculty of Urban ManagementFukuyama City UniversityFukuyamaJapan

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