Structural shift and increasing variety in Korea, 1960–2010 : empirical evidence of the economic development model by the creation of new sectors

Kim, Tai-Yoo; Pyka, Andreas; Yeon, Jung-In

Structural shift and increasing variety in Korea, 1960–2010 : empirical evidence of the economic development model by the creation of new sectors

dc.contributor.author	Kim, Tai-Yoo	de
dc.contributor.author	Pyka, Andreas	de
dc.contributor.author	Yeon, Jung-In	de
dc.date.accessioned	2024-04-08T08:53:25Z
dc.date.available	2024-04-08T08:53:25Z
dc.date.created	2016-09-26
dc.date.issued	2016
dc.description.abstract	In this paper, we examine the experiences of the Korean economy alongside theoretical knowledge of economic development and structural change. To demonstrate the generalized hypotheses on structural change, input–output tables of Korea, from 1960 to 2010, were analyzed. Our interest in taking time series of input–output tables originates from the following two issues. Firstly, we raise the question of whether Korean industrial structure changes have followed a certain pattern of structural shifts as well as increasing variety. Secondly, if so, it is questioned how the meso-level conditions for economic development could be explained from such a pattern. To search for answers, we adopt a model of the economic development by the creation of new sectors, named TEVECON, as our theoretical framework. Using this growth model, we derive hypotheses about how the structural change could affect economic development, and then we determine how the empirical analysis of the Korean economy verifies and deepens our understanding of structural change and economic development. This paper contributes to the empirical validation of the theoretical knowledge of economic development by the emergence of key sectors and the creation of new industries.	en
dc.identifier.swb	477445896
dc.identifier.uri	https://hohpublica.uni-hohenheim.de/handle/123456789/6076
dc.identifier.urn	urn:nbn:de:bsz:100-opus-12764
dc.language.iso	eng
dc.relation.ispartofseries	Hohenheim discussion papers in business, economics and social sciences; 2016,13
dc.rights.license	publ-mit-pod	en
dc.rights.license	publ-mit-pod	de
dc.rights.uri	http://opus.uni-hohenheim.de/doku/lic_mit_pod.php
dc.subject	Structural change	en
dc.subject	Increasing variety	en
dc.subject	Unrelated variety	en
dc.subject	Input–output table	en
dc.subject	Korean economy	en
dc.subject	TEVECON model	en
dc.subject	Economic development	en
dc.subject	Economic growth	en
dc.subject.ddc	330
dc.subject.gnd	Wirtschaftswachstum	de
dc.subject.gnd	Wirtschaftsentwicklung	de
dc.subject.gnd	Südkorea	de
dc.title	Structural shift and increasing variety in Korea, 1960–2010 : empirical evidence of the economic development model by the creation of new sectors	de
dc.type.dcmi	Text	de
dc.type.dini	WorkingPaper	de
local.access	uneingeschränkter Zugriff	en
local.access	uneingeschränkter Zugriff	de
local.bibliographicCitation.publisherPlace	Universität Hohenheim	de
local.faculty.number	3	de
local.institute.number	520	de
local.opus.number	1276
local.series.issueNumber	2016,13
local.series.title	Hohenheim discussion papers in business, economics and social sciences
local.university	Universität Hohenheim	de
local.university.faculty	Faculty of Business, Economics and Social Sciences	en
local.university.faculty	Fakultät Wirtschafts- und Sozialwissenschaften	de
local.university.institute	Institute for Economics	en
local.university.institute	Institut für Volkswirtschaftslehre	de

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