Taxes, outward orientation, and growth performance in Korea
AbstractThis paper uses an applied general equilibrium model to investigate the contribution of outward oriented policies to the earlier years of Korean growth, through induced intersectoral resource transfers and impacts on effort and labor supply in agriculture and manufacturing sectors. What seems to emerge from the model calculations is that one should look beyond tax policy for the main factors underlying strong Korean growth. Model calculations portray the tax component of outward oriented policies as accounting for 6.2 to 7.9 percent of Korean growth between 1962 and 1982, and only 6.7 percent between 1962 and 1972. This paper also emphasizes how, in Korea's extraordinary growth performance since the early 1960s, tax policy has been used in several different ways to meet economic objectives of the time.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 519.
Date of creation: 31 Oct 1990
Date of revision:
Public Sector Economics&Finance; Achieving Shared Growth; Banks&Banking Reform; Environmental Economics&Policies; Economic Theory&Research;
Other versions of this item:
- Irene Trela & John Whalley, 1990. "Taxes, Outward Orientation, and Growth Performance in Korea," NBER Working Papers 3377, National Bureau of Economic Research, Inc.
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roula I. Yazigi).
If references are entirely missing, you can add them using this form.