Structural shift and increasing variety in Korea, 1960-2010
- Structural shift and increasing variety in Korea, 1960-2010
- Yeon, Jung-In; Pyka, Andreas; Kim, Tai-Yoo
- [Stuttgart, Germany] : University of Hohenheim
| 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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