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Determinants of economic growth in transition economies : Implications for economic reform in North Korea

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Title Determinants of economic growth in transition economies
Similar Titles
Sub Title

Implications for economic reform in North Korea

Material Type Articles
Author(English)

Jeong, Hyung-Gon; Kim, Byung-Yeon; Lee, Jae Wan et al.

Publisher

[Sejong]:The Korea Institute for International Economic Policy

Date 2015-09
Journal Title; Vol./Issue KIEP World Economy Update:vol. 5(no. 19)
Pages 5
Subject Country North Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Conditions
Economy < Economic Administration
Holding KIEP; KDI School

Abstract

Instability in the North Korean economy and regime stands out as one of the most important challenges for the South Korean economy. However, despite the significance and severity of the issue, there is presently a comparative lack of research on the potential for change in the North Korean economy, or policy preparedness in the event it occurs. The purpose of this study is to suggest policy measures that would support the successful transition of the North Korean regime. To this end, the study estimates the determinants of economic growth of both market economies and transition countries. Furthermore, the study exam-ines the characteristics of economic growth determinants by income level and draws implications for North Korea’s transition to a market economy.