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
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: O41 O52 H31 H40 (search for similar items in EconPapers)
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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)
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Persistent link: https://EconPapers.repec.org/RePEc:ham:qmwops:20505
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