کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5092747 1375954 2007 19 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Assessing the economic performance of North Korea, 1954-1989: Estimates and growth accounting analysis
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Assessing the economic performance of North Korea, 1954-1989: Estimates and growth accounting analysis
چکیده انگلیسی
This paper adjusts the official data from North and South Korean sources, taking into account hidden inflation to estimate North Korea's GNP growth rates from 1954 to 1989. The factors of economic growth are decomposed subsequently into changes in inputs and factor productivity. Finally, a panel cointegration technique is used to assess the level of productivity in the North Korean economy in comparison with that of the former Soviet Union. We find that the average of annual growth rates of North Korean GNP and GNP per capita from 1954 to 1989 was 4.4 and 1.9%, respectively. The results from decomposition suggest that the prime cause of slow economic growth was extremely low or even negative total factor productivity. According to the panel cointegration estimation, productivity in North Korea was lower than that of the Soviet Union by 33%. Journal of Comparative Economics35 (3) (2007) 564-582.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Comparative Economics - Volume 35, Issue 3, September 2007, Pages 564-582
نویسندگان
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