Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
9553651 | Journal of Asian Economics | 2005 | 25 Pages |
Abstract
The paper discusses the impact and implications of Korean unification by setting up a two-region endogenous growth model. The numerical solutions are based on the formal analytical model, and have been calibrated so that they reflect the observed features of the North and South Korean economies. The numerical solutions provide evidence about the speed of convergence and the large amount of interregional transfers that are required to make the North Korean economy economically viable. We also model the impact of foreign aid, migration and borrowing abroad for the transition process.
Related Topics
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Economics and Econometrics
Authors
Michael Funke, Holger Strulik,