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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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Capital market openness and output volatility
Hwang, Kwang-myoung; Park, Donghyun; Shin, Kwanho - In: Pacific economic review 18 (2013) 3, pp. 403-430
Persistent link: https://www.econbiz.de/10010234873
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Capital Market Openness and Output Volatility
Hwang, Kwang‐Myoung; Park, Donghyun; Shin, Kwanho - 2015
At a conceptual level, opening of capital markets entails a number of benefits and costs. One major cost of financial openness is output volatility. In this paper, using data from 21 advanced and 81 developing countries during 1971-2010, we empirically examine the impact of capital market...
Persistent link: https://www.econbiz.de/10014137125
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Productivity growth across the world, 1991 - 2003
Kim, Sangho; Park, Donghyun; Park, Jong-Ho - 2010
world productivity growth was led by fast-growing newly emerging economies, whereas most developed countries experienced a …
Persistent link: https://www.econbiz.de/10008658803
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Human capital spending, inequality, and growth in middle-income Asia
Abrigo, Michael Ralph M.; Lee, Sang-hyop; Park, Donghyun - In: Emerging markets finance & trade : a journal of the … 54 (2018) 4/5/6, pp. 1285-1303
Persistent link: https://www.econbiz.de/10012123588
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Human capital spending, inequality, and growth in middle-income Asia
Abrigo, Michael Ralph M.; Lee, Sang-hyop; Park, Donghyun - 2017
Asia's rapid population aging fortifies the case for strengthening human capital investments. Further, the experience of the newly industrialized economies suggests that human capital investments will be a vital ingredient of the transition from middle income to high income. Those investments...
Persistent link: https://www.econbiz.de/10011756551
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Human Capital Spending, Inequality, and Growth in Middle-Income Asia
Abrigo, Michael R.M. - 2018
Asia's rapid population aging fortifies the case for strengthening human capital investments. Further, the experience of the newly industrialized economies suggests that human capital investments will be a vital ingredient of the transition from middle income to high income. Those investments...
Persistent link: https://www.econbiz.de/10012917816
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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
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Post-COVID Asia : deglobalization, Fourth Industrial Revolution, and sustainable development
I, Hyeon hun; Park, Donghyun - 2021
, in the last few decades, Asia has leveraged globalization to become the world's fastest-growing, most dynamic region …"Coronavirus disease (COVID-19) has been an unprecedented, once-in-a-century gamechanger for the world. The central … focus of Post-COVID Asia is the new world that will emerge after the coronavirus. In particular, this book explores how …
Persistent link: https://www.econbiz.de/10012310455