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...

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...

The Cold War division of Korea, regarded as a natural experiment in institutional change, provides a unique opportunity to examine whether institutions affect social preferences. We recruited North Korean refugees and South Korean students to conduct laboratory experiments eliciting social...