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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 … development state in the economies, suggest that an analytical comparison would be a meaningful and valuable exercise. Furthermore … offer potentially valuable lessons for China. China is following a structural change that Korea and Japan underwent decades …
Persistent link: https://www.econbiz.de/10012206280
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Catching Up, Structural Transformation, and Inequality : Lessons from Asia
Martorano, Bruno - 2016
While structural transformation, driven by technological progress, productivity growth, and capital deepening, has contributed to Asia's sustained rapid growth, its effect on income inequality is uncertain. The central objective of our paper is to empirically examine the effect of structural...
Persistent link: https://www.econbiz.de/10012986571
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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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East Asian development experiences : a comparative study
Teo, Melvyn; Park, Donghyun - 1998
Persistent link: https://www.econbiz.de/10001500216
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Financial Development and Output Growth in Developing Asia and Latin America : A Comparative Sectoral Analysis
Aizenman, Joshua - 2015
economies for a comparison between two regions which are at similar income levels. We document large differences between the two …
Persistent link: https://www.econbiz.de/10012457749
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Financial Development and Output Growth in Developing Asia and Latin America : A Comparative Sectoral Analysis
Aizenman, Joshua - 2015
economies for a comparison between two regions which are at similar income levels. We document large differences between the two …
Persistent link: https://www.econbiz.de/10013029019
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Financing Asia's growth
Estrada, Gemma B.; Noland, Marcus; Park, Donghyun; … - 2015
Recent key challenges highlight the need to revisit Asia's financial development. These include the region's growth slowdown since the global crisis, compounded by a less benign external environment; internal structural challenges, such as population aging; and the maturing of much of the region...
Persistent link: https://www.econbiz.de/10011305285
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Fiscal Policy for Inclusive Growth : An Overview
Estrada, Gemma Bolotaulo - 2015
In recent years, inequality has risen in the region alongside rapid economic growth. The widening income gap strengthens the case for a government response, and fiscal policy is one of the most suitable policy instruments to promote a more equitable society that provides opportunities for all....
Persistent link: https://www.econbiz.de/10013029043
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Performance comparison of state-owned enterprises versus private firms in selected emerging Asian countries
Thai-Ha Le; Park, Donghyun; Castillejos-Petalcorin, Cynthia - In: Journal of Asian business and economic studies : JABES 30 (2023) 1, pp. 26-48
Persistent link: https://www.econbiz.de/10014252313
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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 … economies of both countries, suggests that an analytical comparison would be a meaningful and valuable exercise. Furthermore … potentially valuable lessons for China. The Asian giant moved from low income to middle income very quickly but now faces the …
Persistent link: https://www.econbiz.de/10012206272