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Characteristics of Korea's Industrial Structure through the Structural Change Index

Author

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  • Lee, Geonwoo

    (Korea Institute for Industrial Economics and Trade)

Abstract

As the absolute scale of the Korean economy has rapidly expanded over the past few decades, its industrial structure has also changed at a very rapid pace. However, as growth has stagnated and corporate restructuring delayed in recent years, the pace of change in the industrial structure is slowing down noticeably. This study explores how Korea’s industrial structure has changed since 1970, and examines how the speed and direction of structural change in Korea differ from major advanced countries. The work concludes by describing the implications that such findings carry.

Suggested Citation

  • Lee, Geonwoo, 2021. "Characteristics of Korea's Industrial Structure through the Structural Change Index," Industrial Economic Review 21-13, Korea Institute for Industrial Economics and Trade.
    • Handle: RePEc:ris:kieter:2021_013
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    More about this item

    Keywords

    industrial structure; structural change; business cycle; structural change index; Korea;
    All these keywords.

    JEL classification:

    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure

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