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 introduces a novel approach for dealing with the 'curse of dimensionality' in the case of large linear dynamic systems. Restrictions on the coefficients of an unrestricted VAR are proposed that are binding only in a limit as the number of endogenous variables tends to infinity. It is...