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 , 2016

This 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 (329)

Member comments


No Comments yet! Be first one to initiate it!

For permission to reproduce this paper in any way, please contact the parent institution.
Creative Commons License