IDEAS home Printed from https://ideas.repec.org/a/gnx/emid43/2020-3-1-686098.html
   My bibliography  Save this article

Free Market Economy And The Effect Of Macroeconomic Factors On Growth: The Case Of South Korea

Author

Listed:
  • Gözde Arslan

    (Ankara Hacı Bayram Veli Universitesi)

  • Hicran Kasa

    (UNIVERSITY OF TURKISH AERONAUTICAL ASSOCIATION)

Abstract

The aim of this study is to empirically analyze the impact of capital stock, employment level, human capital, total factor productivity, openness policy, government spending and household consumption on growth in South Korea between 1965 and 2017. Because of this reason, regression analysis was performed in the time series to observe the effects of variables. We have been reached that the effect of trade openness policies on growth was insignificant among the independent variables at the result of regression analysis. The other results have shown that total factor productivity, labor, and capital have the greatest impact on economic growth, while the variables with the smallest impact are public expenditures, consumption expenditures, and human capital, respectively.

Suggested Citation

  • Gözde Arslan & Hicran Kasa, 2020. "Free Market Economy And The Effect Of Macroeconomic Factors On Growth: The Case Of South Korea," Ekonomi Maliye Isletme Dergisi, Adil AKINCI, vol. 3(1), pages 33-45, June.
    • Handle: RePEc:gnx:emid43:2020-3-1-686098
    DOI: 10.46737/emid.686098
    as

    Download full text from publisher

    File URL: https://dergipark.org.tr/tr/pub/emid/article/686098
    Download Restriction: no
    File URL: https://libkey.io/10.46737/emid.686098?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gnx:emid43:2020-3-1-686098. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Prof. Dr. Adil AKINCI (email available below). General contact details of provider: https://dergipark.org.tr/tr/pub/emid .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.