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제도선택과 한국경제의 발전전략(Institutional change and economic development strategy in Korea)

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  • 제도선택과 한국경제의 발전전략(Institutional change and economic development strategy in Korea)
  • 김정식
  • 한국경제학회


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Title 제도선택과 한국경제의 발전전략(Institutional change and economic development strategy in Korea)
Similar Titles
Material Type Articles
Author(Korean)

김정식

Publisher

[서울]:한국경제학회

Date 2015
Journal Title; Vol./Issue 경제학연구:vol. 63(no. 1)
Pages 27
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Economy < Economic Administration
Holding KEA

Abstract

Even though institution has not been analyzed as the main determinant in the traditional economic growth model, institution could affect the economic growth and development when the country’s economic environment is changed. Korean economy has experienced many economic environmental changes since 1990 and institutions could be one of the important constraints in Korea’s economic growth. In this paper, we analyze the determinants of Korea’s stagnated economic growth in the aspects of institutional economics and suggest the strategies for the economic development of Korea. In the short-term, new industrial policy should be constructed to improve the new growth engines’ competitiveness and new pension system should be established to stabilize worker’s wage. In the mid-term, it is important to change the wage and employment structures in order to improve the early retirement system.