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Finance and economic development in Korea

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  • Finance and economic development in Korea
  • Park, Yung Chul; Song, Wonho; Wang, Yunjong
  • 대외경제정책연구원
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Title Finance and economic development in Korea
Similar Titles
Material Type Reports
Author(English)

Park, Yung Chul; Song, Wonho; Wang, Yunjong

Publisher

Seoul:대외경제정책연구원

Date 2004
Series Title; No KIEP Working Paper / 04-06
ISBN 89-322-4158-9; 89-322-4026-4(세트)
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Economy < Financial Policy
Holding Korea Institute Economic Policy

Abstract

This paper focuses on the following two issues. First, the paper investigates the extent to which financial development has contributed to economic growth in Korea. For this purpose, we introduce four well-known financial development indicators, and seek to find a long-run relationship between output growth and financial development. Second, the effects of financial repression on economic growth are examined. A financial repression index is constructed based on five related measures, and this index is augmented to the growth-finance equation. (The rest omitted)