Growth and Convergence in a Two-Region Model: The Hypothetical Case of Korean Unification

Michael Funke and Holger Strulik

Quantitative Macroeconomics Working Papers from Hamburg University, Department of Economics

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 it reflects 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.

Keywords: Korean Unification, Regional Convergence; Economic Growth (search for similar items in EconPapers)
JEL-codes: H31 H40 O41 O52 (search for similar items in EconPapers)
Date: 2005-05
New Economics Papers: this item is included in nep-geo and nep-sea
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Citations: View citations in EconPapers (6)

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Related works:
Journal Article: Growth and convergence in a two-region model: The hypothetical case of Korean unification (2005)
Working Paper: Growth and Convergence in a Two-region Moddel: The Hypothetical Case of Korean Unification (2003)
Working Paper: Growth and Convergence in a Two-Region Model: The Hypothetical Case of Korean Unification (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:ham:qmwops:20505

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