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Modeling the Economic Impacts of Korean Unification

Lee, Jong-Wha; Liu, Weifeng; Song, Cheol Jong; McKibbin, Warwick


This paper explores the economic impacts of Korean unification on North and South Korea. It presents a new consistent database on macroeconomic, sectoral and trade data, and an input–output table for the North Korean economy, and then incorporates it in a global intertemporal multi‐sector general equilibrium model. Assuming hypothetical scenarios such as North Korea's reform and gradual convergence, its sudden collapse and immediate unification, and chaos and crises in both Koreas, we quantify...[Show more]

CollectionsANU Research Publications
Date published: 2018
Type: Journal article
Source: Asian Economic Journal
DOI: 10.1111/asej.12160
Access Rights: Open Access


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