Korea's first industrial revolution, 1911–1940
We estimate output and population of colonial Korea to show that per capita output grew 2.3% with population expanding 1.3% per year from 1911 to 1940. Growth accounting indicated that productivity advance accounted for roughly one half of the per capita output growth. Primary production as a share of GDP fell from 69% to 42% during the period. Rapid productivity improvement caused nontradable sectors to become increasingly important, while capital accumulation drove industrialization. Demographic expansion, per capita output growth, and structural change occurred at considerably faster rates in northern than in southern provinces.
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- Choi, Seong-Jin & Schwekendiek, Daniel, 2009. "The biological standard of living in colonial Korea, 1910-1945," Economics & Human Biology, Elsevier, vol. 7(2), pages 259-264, July.
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NBER Working Papers
7771, National Bureau of Economic Research, Inc.
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- Alwyn Young, 1995. "The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience," The Quarterly Journal of Economics, Oxford University Press, vol. 110(3), pages 641-680.
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