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Growth and Convergence in a Two-Region Model The Hypothetical Case of Korean Unification

The paper discusses the impact and implications of Korean unification by setting up a two-region endogenous growth model. The numerical solutions are based on the formal analytical model, and have been calibrated so that they reflect the observed features of the North and South Korean economies. The...

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Bibliographic Details
Main Author: Funke, Michael
Other Authors: Strulik, Holger
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2002
Series:IMF Working Papers
Subjects:
Wages
Infrastructure
Intangible Capital
Aggregate Factor Income Distribution
National Accounts
Macroeconomics
Capacity
Wages, Compensation, And Labor Costs: General
Capital
Public Finance
Public Finance & Taxation
Budget Systems
Taxation, Subsidies, And Revenue: General
Investment
Saving And Investment
Budget
Income Economics
Revenue Administration
Labor
Public Financial Management (pfm)
Income
National Budget
Capital Budget
Publicly Provided Goods: General
Labour
Revenue
Budgeting & Financial Management
Budgeting
Fiscal Policies And Behavior Of Economic Agents: Household
Korea, Republic Of
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:The paper discusses the impact and implications of Korean unification by setting up a two-region endogenous growth model. The numerical solutions are based on the formal analytical model, and have been calibrated so that they reflect the observed features of the North and South Korean economies. The numerical solutions provide evidence about the speed of convergence and the large amount of interregional transfers that are required to make the North Korean economy economically viable
Physical Description:24 pages
ISBN:9781451844399

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