콘텐츠 바로가기
로그인
컨텐츠
  • HOME
  • SEARCH
PLUS Text Size MINUS RESET
INSTAGRAM FACEBOOK YOUTUBE

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Economic Administration
Social Development Education

Print

Economic reforms, human capital, and economic growth in India and South Korea: A cointegration analysis

Related Document
Frame of Image
  • Economic reforms, human capital, and economic growth in India and South Korea: A cointegration analysis
  • Maksymenko, Svitlana; Rabbani, Mahbub
  • Chung-Ang University


link
Title Economic reforms, human capital, and economic growth in India and South Korea: A cointegration analysis
Similar Titles
Material Type Report
Author(English)

Maksymenko, Svitlana; Rabbani, Mahbub

Publisher

[Seoul, South Korea] : Chung-Ang University

Date 2011-06
Journal Title; Vol./Issue Journal of Economic Development:vol. 36(no 2)
Pages 21
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Social Development < Education
Holding CORE
License

Abstract

By employing a multivariate time series model, this study advances theoretical and empirical research on the role of economic reforms and human capital accumulation in the post-reform economic growth. We construct two indexes £¬a human capital index and a composite economic reform index£¬ and perform a cointegration analysis of a long-run equilibrium growth path in India and South Korea twelve years after the implementation of reform. The significant positive effect of human capital accumulation is revealed in both India and South Korea. The impact of economic reforms is found to be heterogeneous across countries: the effect is positive, significant, and sizable in South Korea, while it is negative and relatively small in India. This result is suggestive of different degrees of efficiency of reform measures implementation in two countries.