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Korean Economic Integration: Prospects and Pitfalls

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  • Max St. Brown
  • Seung Mo Choi
  • Hyung Seok Kim

Abstract

Using a growth model of productivity catch-up estimated from the 1990 German reunification, we study the economic impacts of a hypothetical economic integration between South Korea and North Korea on macro aggregates. By considering a range of scenarios, we analyze the impacts of labor migration and capital transfer policies.

Suggested Citation

  • Max St. Brown & Seung Mo Choi & Hyung Seok Kim, 2012. "Korean Economic Integration: Prospects and Pitfalls," International Economic Journal, Taylor & Francis Journals, vol. 26(3), pages 471-485, September.
    • Handle: RePEc:taf:intecj:v:26:y:2012:i:3:p:471-485
    DOI: 10.1080/10168737.2012.707875
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    References listed on IDEAS

    as
    1. Nancy L. Stokey, 2012. "Catching Up and Falling Behind," NBER Working Papers 18654, National Bureau of Economic Research, Inc.
    2. Nancy Stokey, 2012. "Catching Up and Falling Behind," Working Papers 2012-015, Becker Friedman Institute for Research In Economics.
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    Cited by:

    1. Jang C. Jin, 2021. "The benefits of economic openness for North Korea," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 35(2), pages 151-164, November.
    2. Koh, Puay Ping & Wong, Yiik Diew, 2013. "Comparing pedestrians’ needs and behaviours in different land use environments," Journal of Transport Geography, Elsevier, vol. 26(C), pages 43-50.
    3. Moon, Weh-Sol & Mun, Sung Min & Lee, Jong-Kyu, 2018. "Macroeconomic impact of Korean reunification: The role of factor market opening," Journal of Asian Economics, Elsevier, vol. 58(C), pages 36-58.

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