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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

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

Trajectories to high income : comparing the growth dynamics in China, South Korea, and Japan with cointegrated VAR models

Murach, Michael; Wagner, Helmut; Kim, Jungsuk; Park, … - In: Structural change and economic dynamics : SC+ED 62 (2022), pp. 492-511

Persistent link: https://www.econbiz.de/10013534077

Financial development, financial openness, and economic growth

Estrada, Gemma; Park, Donghyun; Ramayandi, Arief - 2015

A sound and efficient financial system is an indispensable ingredient of economic growth. It consists primarily of banks and capital markets, which channel savings into investments and other productive activities that contribute to economic growth and augment the economy's productive capacity....

Persistent link: https://www.econbiz.de/10011305264

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

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