Kim, Jiyeon; Jung, Kyu-Chul; Hur, Jinwook - 2023
supply growth was the main driver of falling economic growth.- In comparison, the contribution of labor supply to growth … remained relatively steady in 1991~2019.■ It is projected that the economic growth rate of Korea will slump to 0.5% in 2050 as … reforms.■ Furthermore, the stance of macroeconomic policy needs to reflect the slowing pace of the long-term economic growth …