콘텐츠 바로가기
로그인
컨텐츠
  • HOME
  • SEARCH
PLUS Text Size MINUS RESET
FACEBOOK TWITTER Linked In

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Economic Administration
Industry and Technology Science/Technology

Print

Sources of income polarization in Korea : Globalization and technological innovation

Related Document
Frame of Image


Full Text
Title Sources of income polarization in Korea
Similar Titles
Sub Title

Globalization and technological innovation

Material Type Articles
Author(English)

Shin, Taeyoung

Publisher

[Sejong, South Korea] : Science and Technology Policy Institute

Date 2016-10
Journal Title; Vol./Issue STI Policy Review:vol. 7(no. 2)
Pages 15
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Administration
Industry and Technology < Science/Technology
Holding Science and Technology Policy Institute
License

Abstract

This study provides empirical evidences for the relationship between income inequality and economic growth, and relationship of income inequality with some of explanatory variables such as technological in¬novation, trade globalization, financial globalization and fiscal policy. We find out that income inequality has an adverse effect on economic growth, showing its dynamic features, for which we employed the polynomial distributed lags (PDL) model. The effect of income inequality on economic growth lasts over 9 years, and its dynamic effect peaks after 4 years. In addition, we also attempted to find out empirical evidences of sources of income inequality. The results show that income inequality is positively related to technological innova-tion, financial globalization, and fiscal policy; negatively related to the trade globalization. Many studies employ cross-country data, but it could have serious problems in collecting statistical data. Korean data is used over the time period of 1990-2015 in this study.