Modeling Korean Unification
For North Korea, product market integration would generate large welfare gains, sufficient to end the famine. Additional gains could be had through military demobilization. For the South, the impact of product market integration would be trivial, but the impact of factor market integration would be considerable, affecting the composition of output, distribution of income, and rate of growth. Given moderately rapid technological convergence, expected levels of cross-border migration, and equalization of rates on return on capital, per capita incomes in the North would remain well below those in the South for an extended period.
Year of publication: |
1999-07
|
---|---|
Authors: | Noland, Marcus ; Robinson, Sherman ; Wang, Tao |
Institutions: | Peter G. Peterson Institute for International Economics (IIE) |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Rigorous Speculation: The Collapse and Revival of the North Korean Economy
Noland, Marcus, (1999)
-
Famine in North Korea: Causes and Cures
Noland, Marcus, (1999)
-
Global Economic Effects of the Asian Currency Devaluations
Noland, Marcus,
- More ...