The Water-Energy-Food Nexus (WEF Nexus) addresses the interrelated nature of our global natural resource systems. This reflection aims to better understand the interactions between the natural environment and human activities, and to suggest a more coordinated management and use of natural...

In this paper, we examine the experiences of the Korean economy alongside theoretical knowledge of economic development and structural change. To demonstrate the generalized hypotheses on structural change, input-output tables of Korea, from 1960 to 2010, were analyzed. Our interest in taking...

This paper investigates empirically whether prostitution reduces sex crimes. Theoretical predictions suggest two contradicting effects: substituting or complementing. By using survey data of sex offenders in Korea, I find that prostitution increases the probability of one committing sex crimes....

East Asians, especially South Koreans, appear to be preoccupied with their offspring's education---most children spend time in expensive private institutes and in cram schools in the evenings and on weekends. At the same time, South Korea currently has the lowest total fertility rate in the...

Does war have important long-term economic consequences? Existing literature suggests a lack of long-term effects related to the short-term destruction of physical capital and population reduction. Increased ideological and social division as a result of war, on the other hand, may produce...

This paper aims to analyze the economic impacts of UN sanctions on North Korea's banned luxury goods imports. The analysis is based on applying Difference-in-Differences Methods to the gravity model. The results show that North Korea's luxury goods import patterns reflect the aforesaid model....

How do investors respond to geopolitical risk events? The South Korean stock market gives an interesting testing ground because the nuclear weapons testing and military aggressions by its belligerent neighboring country, North Korea, are exogenous. Moreover, as North Korea has transitioned from...