Characteristics of Korea's Industrial Structure through the Structural Change Index

Geonwoo Lee ()
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Geonwoo Lee: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea

No 21-13, Industrial Economic Review from Korea Institute for Industrial Economics and Trade

Abstract: As the absolute scale of the Korean economy has rapidly expanded over the past few decades, its industrial structure has also changed at a very rapid pace. However, as growth has stagnated and corporate restructuring delayed in recent years, the pace of change in the industrial structure is slowing down noticeably. This study explores how Korea’s industrial structure has changed since 1970, and examines how the speed and direction of structural change in Korea differ from major advanced countries. The work concludes by describing the implications that such findings carry.

Keywords: industrial structure; structural change; business cycle; structural change index; Korea (search for similar items in EconPapers)
JEL-codes: L10 L11 L16 L22 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2021-08-01
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kieter:2021_013

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