population growth (i.e., the population aging), decrease real interest rates. Then we calibrate a life-cycle model to capture the … features of the old-age-dependency ratio and population growth in Korea, and show that population aging accounts for about one … expectancy is more important than decreased population growth in affecting the real interest rate decrease during the period …

English Abstract: This paper examines whether the TFP growth of the Korean economy slowed down in 2000s based on growth … accounting, focusing on how sensitive the results are to the particular aspects of the growth accounting method. There has been … details of the growth accounting method. Main results of this paper are as follows. First, it is how to calculate the labor …

contributions to total factor productivity growth for manufacturing, using the Korean plant-level manufacturing data for the period …

English Abstract: Most of previous studies exploring the effect of demographic change on economic growth are based upon …. Against this background, this paper conducts empirical analyses on the effect of demographic change on economic growth with … growth in a closed economy could be somewhat exaggerated if the necessary investment resources can inflow in an open economy …

English Abstract: Labor productivity growth in Korea has been slowing down across all industries in the 2000s, which … has acted to lower national economic growth substantially. The productivity gap between Korea and advanced economies has … to adopt differentiated growth strategies that take account of productivity levels and industry characteristics. The …

contributes to discussions of this strategy by comparing the effects of economic growth in South Africa and Nigeria on Sub … characteristics are different from those of integrated unions, the determinants of economic growth in Africa as a whole and unions may … as follows: First, the effects of South Africa's economic growth on Sub-Saharan Africa and the SADC (a representative …

English Abstract: This paper empirically investigates the effects of the global value chains (GVC) on economic growth … the GVC on economic growth. In addition, we compare the effects on the manufacturing and service sectors, and also compare … growth effects of GVC participation have changed significantly since the crisis. Specifically, the forward GVC participation …