Economics at your fingertips  

Binding Up the Nation's Wounds: An Economic Analysis of the Korean Reunification

Yongseok Shin and Sang Yoon (Tim) Lee

No 712, 2013 Meeting Papers from Society for Economic Dynamics

Abstract: We study the integration process of the North and South Korean economies. Our model incorporates elements that are necessary for explaining closely-related transition experiences (i.e., the growth miracles of East Asia and the post-communist transitions of Eastern Europe). We calibrate the model so that it is consistent with the present economic conditions of the two Koreas at the macro and micro levels. We overcome the paucity of data for North Korea (especially at the micro level) by analyzing (i) the labor market outcomes of North Korean refugees in the South; (ii) South Korean firms operating in special economic zones in the North; and (iii) Chinese firms doing business in/with North Korea. We use the model to project the transitional dynamics of the unified economy under various integration scenarios and policy regimes.

Date: 2013
References: Add references at CitEc
Citations: Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this paper

More papers in 2013 Meeting Papers from Society for Economic Dynamics Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA. Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann ().

Page updated 2023-05-08
Handle: RePEc:red:sed013:712