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Structural shift and increasing variety in Korea, 1960-2010

: Empirical evidence of the economic development model by the creation of new sectors
  • Structural shift and increasing variety in Korea, 1960-2010
  • Yeon, Jung-In; Pyka, Andreas; Kim, Tai-Yoo
  • [Stuttgart, Germany] : University of Hohenheim
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Title Structural shift and increasing variety in Korea, 1960-2010
Subtitle Empirical evidence of the economic development model by the creation of new sectors
Author Yeon, Jung-In; Pyka, Andreas; Kim, Tai-Yoo
Publisher [Stuttgart, Germany] : University of Hohenheim
Publication Date 2016
Material Type Report
Country South Korea Holding EconStor
Language English License
Series Title Hohenheim discussion papers in business, economics and social sciences

Abstract

In this paper, we examine the experiences of the Korean economy alongside theoretical knowledge of economic development and structural change. To demonstrate the generalized hypotheses on structural change, input-output tables of Korea, from 1960 to 2010, were analyzed. Our interest in taking time series of input-output tables originates from the following two issues. Firstly, we raise the question of whether Korean industrial structure changes have followed a certain pattern of structural shifts as well as increasing variety. Secondly, if so, it is questioned how the meso-level conditions for economic development could be explained from such a pattern. To search for answers, we adopt a model of the economic development by the creation of new sectors, named TEVECON, as our theoretical framework. (The rest omitted)

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