The Republic of Korea’s Economic Growth and Catch-Up: Implications for the People’s Republic of China

Jong-Wha Lee

Working Papers from eSocialSciences

Abstract: This study investigates the economic growth and catch-up of the Republic of Korea over the past half-century. The gap of output per worker between the Republic of Korea and United States has decreased rapidly, as the Republic of Korea’s lower per capita income, relative to its potential level, has led to higher growth, confirming the prediction of a conditional convergence theory.

Keywords: Republic of Korea; China; growth; convergence theory; economic growth; People’s Republic of China; OECD; total factor productivity (TFP); Japan; per capita; Gross Domestic Product; economies; GDP; investment (search for similar items in EconPapers)
Date: 2016-05
Note: Institutional Papers
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Citations: View citations in EconPapers (5)

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