Pyo, Hak K.; Kim, Minjung - 2020
perpetual inventory method, and then to explain its economic growth. The capital stock is estimated by decomposing it into … compares with the corresponding rate (32%) during the 1970-1990 period in South Korea. Growth accounting analysis shows that … North Korea achieved a rapid input-led growth in the early stages of economic growth, but has since shown stagnant or …