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Exports and growth : An econometric analysis for Korea

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  • Exports and growth
  • Sengupta, Jati K.; España, J.R.
  • Universidad Carlos III de Madrid


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Title Exports and growth
Similar Titles
Sub Title

An econometric analysis for Korea

Material Type Reports
Author(English)

Sengupta, Jati K.; España, J.R.

Publisher

Madrid, Spain:Universidad Carlos III de Madrid

Date 1992-05
Series Title; No Working papers / 1992-26
Pages 30
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Economy < Economic Administration
Holding Universidad Carlos III de Madrid

Abstract

This paper discusses the sources of rapid economic growth in Korea in recent times and their economic implications by means of three types of econometric tests based on the modern theory of cointegration, the dominant role of demand over supply and the significant degree of economies of scale due to the spillover effects of human capital and of technological diffusion. The empirical growth profile of Korea in recent times seems to vindicate some of the major tenets of the new growth theory.