Growth and Convergence in a Two-Region Model [electronic resource] : The Hypothetical Case of Korean Unification / Michael Funke.
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TextSeries: IMF Working Papers; Working Paper ; No. 02/26Publication details: Washington, D.C. : International Monetary Fund, 2002Description: 1 online resource (24 p.)ISBN: 1451844395 :ISSN: 1018-5941Subject(s): Capital Stock | Economic Growt | Fiscal Policy | Korean Unification | Post-Tax Income | Regional Convergence | Korea, Republic ofAdditional physical formats: Print Version:: Growth and Convergence in a Two-Region Model : The Hypothetical Case of Korean UnificationOnline resources: IMF e-Library | IMF Book Store Abstract: The paper discusses the impact and implications of Korean unification by setting up a two-region endogenous growth model. The numerical solutions are based on the formal analytical model, and have been calibrated so that they reflect the observed features of the North and South Korean economies. The numerical solutions provide evidence about the speed of convergence and the large amount of interregional transfers that are required to make the North Korean economy economically viable.
The paper discusses the impact and implications of Korean unification by setting up a two-region endogenous growth model. The numerical solutions are based on the formal analytical model, and have been calibrated so that they reflect the observed features of the North and South Korean economies. The numerical solutions provide evidence about the speed of convergence and the large amount of interregional transfers that are required to make the North Korean economy economically viable.
Description based on print version record.
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