The Republic of Korea’s Economic Growth and Catch-Up: Implications for the People’s Republic of China
Published By: ADBI on eSS | Published Date: April , 2016This study investigates the economic growth and catch-up of the Republic of Korea over the
past half-century. The gap of output per worker between the Republic of Korea and United
States has decreased rapidly, as the Republic of Korea’s lower per capita income, relative to its potential level, has led to higher growth, confirming the prediction of a conditional convergence theory.
Author(s): Jong-Wha Lee | Posted on: May 19, 2016 | Views() | Download (455)