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Avoiding the middle-income trap : Korean lessons for China?
Murach, Michael; Wagner, Helmut; Kim, Jungsuk; Park, … - 2018 - (This version, October 2018)
We analyze and compare the pattern of economic growth and development of China and South Korea in the postwar period … potentially valuable lessons for China. The Asian giant moved from low income to middle income very quickly but now faces the … challenge of graduating to high income. In this paper, we empirically assess the main drivers of economic growth in China and …
Persistent link: https://www.econbiz.de/10012206272
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Trajectories to high income : growth dynamics in Japan, the People's Republic of China, and the Republic of Korea
Murach, Michael; Wagner, Helmut; Kim, Jungsuk; Park, … - 2020
We analyze and compare the patterns of economic growth and development in the Japan, the People's Republic of China …
Persistent link: https://www.econbiz.de/10012301178
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Financial development and output growth in developing Asia and Latin America : a comparative sectoral analysis
Aizenman, Joshua; Jinjarak, Yothin; Park, Donghyun - 2015
Persistent link: https://www.econbiz.de/10010495512
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Economic growth, financial development, and income inequality
Park, Donghyun; Shin, Kwanho - 2015
The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...
Persistent link: https://www.econbiz.de/10011305273
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Economic growth, financial development, and income inequality
Park, Donghyun; Shin, Kwanho - In: Emerging markets finance & trade : a journal of the … 53 (2017) 10/11/12, pp. 2794-2825
Persistent link: https://www.econbiz.de/10011833393
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East Asian development experiences : a comparative study
Teo, Melvyn; Park, Donghyun - 1998
Persistent link: https://www.econbiz.de/10001500216
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Growth policy/strategy and inequality in developing Asia
I, Hyeon hun; Lee, Minsoo; Park, Donghyun - In: Inequality in Asia and the Pacific : trends, drivers …, (pp. 228-256). 2014
Persistent link: https://www.econbiz.de/10010253937
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Asia's Middle-Income Challenge : An Overview
Estrada, Gemma Bolotaulo - 2018
Developing Asia has undergone a dramatic shift over the past 5 decades from a region of mainly low-income economies toward one that is largely middle income. Compared with world aggregate data, developing Asia now has a much greater proportion of middle-income economies. The region faces the...
Persistent link: https://www.econbiz.de/10012917822
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Financial Development and Economic Growth in Developing Asia
Estrada, Gemma Bolotaulo - 2011
Economic theory suggests that sound and efficient financial systems - banks, equity markets, and bond markets - which channel capital to its most productive uses are beneficial for economic growth. Sound and efficient financial systems are especially important for sustaining growth in developing...
Persistent link: https://www.econbiz.de/10013130769
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Trajectories to high income : comparing the growth dynamics in China, Korea, and Japan with cointegrated VAR models
Murach, Michael; Wagner, Helmut; Kim, Jungsuk; Park, … - 2020
We analyze and compare the patterns of economic growth and development in China, Korea, and Japan in the post … offer potentially valuable lessons for China. China is following a structural change that Korea and Japan underwent decades … for China and Korea than for Japan. Our hypothesis tests show that the estimated Cobb-Douglas production functions display …
Persistent link: https://www.econbiz.de/10012206280