The Contribution of Industries over Sixty Years of Economic Growth in South Korea

Eunsun Gil ()
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Eunsun Gil: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr

No 21-17, Industrial Economic Review from Korea Institute for Industrial Economics and Trade

Abstract: This article reassesses the contribution of industry over 60 years of economic growth in South Korea. The study bases its analysis using one-digit level industrial classification codes used in national GDP accounts, and analyzes the patterns of industrial concentration of growth by looking at five-digit level industrial classification for the most recent 10 years. Based on the historical evidence of economic growth in South Korea, the findings of the work carry five key implications for for economic growth from an industrial policy perspective. It is possible that future economic growth patterns may be totally different with those of the past, but learning from history offers some insight to policy makers seeking to design a realistic roadmap for continued economic prosperity.

Keywords: economic growth; industrial policy; Korea; growth policy; GDP growth (search for similar items in EconPapers)
JEL-codes: E61 L52 L60 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2021-10-01
New Economics Papers: this item is included in nep-gro and nep-his
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kieter:2021_017

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