, but not in unemployment rates. We attribute such inconsistency to persons marginally attached to the labor force and … persons employed part time for economic reasons. Therefore, we construct extended measures for unemployment from 2003 to 2013 … that the alternative measures of unemployment rates support the existence of hysteresis in the Korean labor market, which …

diminishes wage gap among the regular workers. Third, EPL for regular workers improves the labor productivity growth rate until … it reaches a certain level, when the growth rate starts to decline. Fourth, labor market duality is more severe in Korea …

English Abstract: Since the global financial crisis, the manufacturing-export-driven growth strategy has shown its … growth between external and internal markets and to develop new drivers of growth. On the other hand, if the economy becomes … appreciation), posing a risk of making tradable goods less attractive in international markets and bringing down economic growth …

English Abstract: This paper examines sources of growth of Korea's economy for the period from 1980 to 2005, based on … both primal and dual growth accounting methodology employed by Young (1995) and Hsieh (2002). Also, this paper evaluates … post-crisis growth performance of Korea, using cross-country comparison of growth accounting results and cross …

English Abstract: For a thorough accounting for economic growth, it is desired to include the working hours and the … maximized when the weekly working hours was 40 hours, and the average annual growth rate of the labor efficiency for the period …

growth rate.In contrast to an economic equilibrium, environmental policy can be adopted when economic inequality reduces to a … demand of strengthened redistributive policy, which in turn decreases economic growth in a short run. We discuss broad policy …

English Abstract: This study investigates the relationship between trade and economic growth in Korea during the period … productivity (TFP) growth, and the relatively weak causal relationship between exports and TFP. In light of this causal … relationship between imports and TFP growth, TFP growth is regressed on various trade variables, along with R&D investments and …

English Abstract: This paper studies the effects of trade diversity and trading partners on domestic economic growth … and intra-industry trade index, and also calculate weighted average growth rate of trading partners using bilateral trade … volume as weights. In addition, the variables, such as growth rate of investment, rate of inflation, and openness are …

perpetual inventory method, and then to explain its economic growth. The capital stock is estimated by decomposing it into … compares with the corresponding rate (32%) during the 1970-1990 period in South Korea. Growth accounting analysis shows that … North Korea achieved a rapid input-led growth in the early stages of economic growth, but has since shown stagnant or …