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Finance and growth of the Korean economy from 1960 to 2004

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  • Finance and growth of the Korean economy from 1960 to 2004
  • Kim, Shin-Haing
  • Seoul National University


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Title Finance and growth of the Korean economy from 1960 to 2004
Similar Titles
Material Type Articles
Author(English)

Kim, Shin-Haing

Publisher

Seoul:Seoul National University

Date 2007
Journal Title; Vol./Issue Seoul Journal of Economics:vol. 20(no. 4)
Pages 42
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < General
Economy < Financial Policy
Holding Seoul National University

Abstract

In this paper I overview the relation between finance and growth of the Korean economy from the year of 1960 to that of 2004 through the literature survey. Financial regimes of liberalization and those of repressions alternated each other during this period. However, economic growth continued independently of the various financial regimes. Financial deepening, as well as an increase in the variety of financial instruments, accompanied an increase in per capita income. In particular, it is observed that a peak growth rate of the trade balance lagged behind eight to ten years that of investments. In the interval of these two peaks occurred the financial distresses. Possible scenarios for investment financing role of exports are suggested. (The rest omitted)