The formation of new private firms can facilitate transition from socialism to a market economy. This study uses data from transition economies to investigate the effects of large-scale privatization and the barriers to the establishment of new firms. It finds that large-scale privatization...

Korean Abstract: 이 연구의 목적은 북한의 비핵화 과정과 연계한 대북경제제재 해제를 종합적으로 분석하여 북한의 비핵화 프로세스를 촉진하기 위한 방안을 제시하는 것이다. 이를 위해 UN 안보리, 미국, 일본 등 다자 및 양자...

This study investigates the effects of combined human capital of North and South Korea on the economic adjustment of North Korean defectors. Household income and job stability are used as outcome variables. Informal economic activities in North Korea exert a significant and positive impact on...

This paper uses a survey of North Korean refugees to investigate the evolution of informal economic activities of North Korean households. We find little evidence of increases in informal economic activities in terms of the aggregate participation rate in the informal economy from 1996 to 2009....

North Korea is similar in that it has a political structure unfavorable for reforms, hence, the North is likely to follow in the footsteps of the CIS states. Also, North Korea has an unfavorable initial condition in that the level of economic development at the early stage of transition is low....

This paper analyzes relationships among money, barter, and inflation in Russia during the transition period. Following the development of a theoretical framework that introduces barter into a standard macroeconomic model for a small, open economy, we estimate the model using structural...

Using data from transition economies, this paper examines linkages between political constraints and economic reforms. Estimation results suggest that progress in reform is positively associated with public support for reforms, which is affected by income inequality and expected individual...

Korean Abstract: 김정은 정권이 집권하면서 ‘경제 건설과 핵 무력의 병진노선'을 내세우며 이전 정권에 비해 경제성장을 더욱 중시하는 행보를 보이고 있다. 2002년 ｢7.1 경제관리 개선조치｣의 맥을 잇는 2012년 ｢우리식...

Instability in the North Korean economy and regime stands out as one of the most important challenges for the South Korean economy. However, despite the significance and severity of the issue, there is presently a comparative lack of research on the potential for change in the North Korean...

The basis for studying the North Korean economy is to gain an understanding of the size of the overall economy and the trends within it. However, owing to the fact that North Korea does not release data on its GDP and GNI, the task has fallen on the shoulders of outside researchers and such...