Growth and Convergence in a Two-Region Model: The Hypothetical Case of Korean Unification
HKIMR Working Paper No. 21/2003
24 Pages Posted: 30 Jan 2006
There are 2 versions of this paper
Growth and Convergence in a Two-Region Model: The Hypothetical Case of Korean Unification
Growth and Convergence in a Two-Region Model: The Hypothetical Case of Korean Unification
Date Written: February 2002
Abstract
The paper discusses the impact and implications of Korean unification by setting up a two-region endogenous growth model. The numerical solutions are based on the formal analytical model, and have been calibrated so that they reflect the observed features of the North and South Korean economies. The numerical solutions provide evidence about the speed of convergence and the large amount of interregional transfers that are required to make the North Korean economy economically viable.
Keywords: Korean Unification, Regional Convergence, Economic Growth
JEL Classification: O41, O52, H31, H40
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
European Regional Policies in Light of Recent Location Theories
By Diego Puga
-
Unemployment Clusters Across European Regions and Countries
By Diego Puga and Henry G. Overman
-
Regional Policy in the Global Economy: Insights from New Economic Geography
-
Multinationals' Location Choice, Agglomeration Economies and Public Incentives
By Holger Görg, Salvador Barrios, ...
-
Acquisition Versus Greenfield Investment: The Location of Foreign Manufacturers in Italy
-
Location Choices of Multinational Firms in Europe: The Role of National Boundaries and EU Policy
By Roberto Basile, Davide Castellani, ...
-
Regional Income Convergence in the Enlarged Europe, 1995-2000: A Spatial Econometric Perspective