Ha, Bongchan; Pyo, Hak K. - Institute of Economic Research, Hitotsubashi University - 2006
Economics, Seoul National University (Korea)
1 Introduction
In recent years, especially since the 1997 economic crisis in the … following equality:
PKj;t Kj;t = P
k
PKk;j;t Kk;j;t (13)
3.3 Stagnation of Investment after 1997 in Korea
After the economic … crisis, the trend of investment in Korea changed drasti-
cally as shown in Figure 4. The growth of investment has slowed down …