1 Environment and Geography (Myung Soo Cha, Junseok Hwang, and Heejin Park) -- 2 Population (Myung Soo Cha and Heejin Park) -- 3 Labor Force and Employment (Yitaek Park) -- 4 Wages (Myung Soo Cha, Junseok Hwang, and Wooyoun Lee) -- 5 Education (Sun Go and Ki-Joo Park) -- 6 Health (Suk Chul Hong)...

This paper investigated the long run relationship between financial development and economic growth in South Korea using a four-variable Vector Autoregressive (VAR) model using time series data from 1961 to 2013. Applying unit root tests and co-integration analysis, the study revealed that real...

Korea's population is aging at a faster pace than any other major country, and the adverse impact of this trend on the economy is predicted to be significant. This paper focuses on the macroeconomic effects of population aging with particular attention paid to the pace of aging in Korea....

To investigate the causes of Korea’s growth slowdown over the past thirty years, we estimate the contributions of major developmental factors, including i) demographic factors (changes in population growth and workforce age due to the demographic transition), ii) quality-of-life-related choice...

Does financial development contribute to economic growth? The literature finds that an expansion in financial resources is useful for economic growth if the degree of financial development is under a certain threshold; otherwise, the expansion is detrimental to growth. Almost every published...