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Structural shift and increasing variety in Korea, 1960-2010 : Empirical evidence of the economic development model by the creation of new sectors

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  • Structural shift and increasing variety in Korea, 1960-2010
  • Yeon, Jung-In; Pyka, Andreas; Kim, Tai-Yoo
  • University of Hohenheim


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Title Structural shift and increasing variety in Korea, 1960-2010
Similar Titles
Sub Title

Empirical evidence of the economic development model by the creation of new sectors

Material Type Reports
Author(English)

Yeon, Jung-In; Pyka, Andreas; Kim, Tai-Yoo

Publisher

[Stuttgart, Germany] : University of Hohenheim

Date 2016
Series Title; No Hohenheim discussion papers in business, economics and social sciences / 13-2016
Pages 50
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Holding EconStor
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Abstract

In this paper, we examine the experiences of the Korean economy alongside theoretical knowledge of economic development and structural change. To demonstrate the generalized hypotheses on structural change, input-output tables of Korea, from 1960 to 2010, were analyzed. Our interest in taking time series of input-output tables originates from the following two issues. Firstly, we raise the question of whether Korean industrial structure changes have followed a certain pattern of structural shifts as well as increasing variety. Secondly, if so, it is questioned how the meso-level conditions for economic development could be explained from such a pattern. To search for answers, we adopt a model of the economic development by the creation of new sectors, named TEVECON, as our theoretical framework. (The rest omitted)