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Transition into knowledge-based economy : Relevance of Korean experience to growth perspectives in Uzbekistan

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  • Transition into knowledge-based economy
  • Juraev, Sirojiddin S.
  • Global Development Network


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Title Transition into knowledge-based economy
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Sub Title

Relevance of Korean experience to growth perspectives in Uzbekistan

Material Type Articles
Author(English)

Juraev, Sirojiddin S.

Publisher

[New Delhi]:Global Development Network

Date 2014
Subject Country South Korea(Asia and Pacific)
Uzbekistan(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic System
Social Development < Education
Holding Global Development Network

Abstract

By utilizing unique approach, paper analyzes the applicability of successful Korean experience of transition into-knowledge economy to the development perspectives of Uzbekistan. Policy variables are calibrated by matching the respective stages of transition. Applicability is investigated by both qualitative and quantitative analysis within the framework of endogenous growth theories using quarterly data for Uzbekistan during the period of country‟s independence. Conclusions derived suggest that there is significant relevance of Korean experience for further knowledge-induced growth perspectives in Uzbekistan. Specifically, Uzbekistan would benefit from Korean experience in spheres of coordinating human capital development and foreign knowledge-inflows, macroeconomic stability, financial liberalization.