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Korean Reunification: How It Might Come About And At What Cost

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  • Charles Wolf

Abstract

This paper considers three broad scenarios for Korean reunification. These are reunification through system evolution and adaptation, through collapse and absorption and through conflict. A simulation model is used to estimate the costs of Korean reunification, which span a range between $50 billion and $700 billion, and a median estimate between $330 billion and $350 billion, about $60-70 billion per annum over five years. Various ways of distributing these investment costs are outlined and the likely benefits of reunification are also assessed.

Suggested Citation

  • Charles Wolf, 2006. "Korean Reunification: How It Might Come About And At What Cost," Defence and Peace Economics, Taylor & Francis Journals, vol. 17(6), pages 681-690.
    • Handle: RePEc:taf:defpea:v:17:y:2006:i:6:p:681-690
    DOI: 10.1080/10242690601025690
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    Cited by:

    1. Euijune Kim & Hyewon Shin, 2014. "Impact Analysis of Economic Linkages of South Korea with North Korea Using a CGE Model," ERSA conference papers ersa14p1512, European Regional Science Association.

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