Korea's first industrial revolution, 1911–1940

Myung Soo Cha and Nak Nyeon Kim

Explorations in Economic History, 2012, vol. 49, issue 1, 60-74

Abstract: We estimate output and population of colonial Korea to show that per capita output grew 2.3% with population expanding 1.3% per year from 1911 to 1940. Growth accounting indicated that productivity advance accounted for roughly one half of the per capita output growth. Primary production as a share of GDP fell from 69% to 42% during the period. Rapid productivity improvement caused nontradable sectors to become increasingly important, while capital accumulation drove industrialization. Demographic expansion, per capita output growth, and structural change occurred at considerably faster rates in northern than in southern provinces.

Keywords: Population; Economic growth; Structural change; Growth accounting (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:exehis:v:49:y:2012:i:1:p:60-74

DOI: 10.1016/j.eeh.2011.09.003

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