Korea is aging at a faster pace than any other major country, and the negative impact on the economy is expected to be considerable. - In thirty years, the old-age dependency ratio is projected to exceed 70% and GDP growth to mark around the 1% range. This would pose a tremendous threat to...

Korea’s population is aging at a faster pace than any other major country, and the adverse impact of this trend on the economy is predicted to be significant. This paper focuses on the macroeconomic effects of population aging with particular attention paid to the pace of aging in Korea....

Korea is aging at a faster pace than any other major country, and the negative impact on the economy is expected to be considerable. In thirty years, the old-age dependency ratio is projected to exceed 70% and GDP growth to mark around the 1% range. This would pose a tremendous threat to...

Korea's population is aging at a faster pace than any other major country, and the adverse impact of this trend on the economy is predicted to be significant. This paper focuses on the macroeconomic effects of population aging with particular attention paid to the pace of aging in Korea....

Korea's population is aging at a faster pace than any other major country, and the adverse impact of this trend on the economy is predicted to be significant. This paper focuses on the macroeconomic effects of population aging with particular attention paid to the pace of aging in Korea....

- Korea is aging at a faster pace than any other major country, and the negative impact on the economy is expected to be considerable. - In thirty years, the old-age dependency ratio is projected to exceed 70% and GDP growth to mark around the 1% range. This would pose a tremendous threat to...

The power loss of a wind turbine due to wakes from upstream turbines is significant for a wind farm. This power loss is usually about 20% of wind turbine power, and this can increase to 40% for an extreme case. Such effects decrease the annual energy production of a wind farm. Thus, it is...

Estimates of the slope of the Phillips curve reported in the literature cover a range from roughly − 0.6 to zero depending on specification. Forward-looking specifications, favored by theory, produce the smallest slope estimates. This paper addresses this puzzle by studying the bivariate...