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The Effects of Economic Integration Between North and South Korea: A Computable General Equilibrium Analysis

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  • Suk-In Chang

Abstract

This paper investigates the potential impact of economic integration between North and South Korea on the economy of South Korea. A nine-sector, trade-focused, computable general equilibrium (CGE) model is constructed. The model is used to quantify the likely consequences of various forms of economic integration between the two Koreas. The simulation results indicate that unless factor movement (labor inflow from the North, and capital outflow to the same) are considered, any preferential trading system between the two Koreas has an inconsequential impact (positive or negative, aggregate or sectoral) from the viewpoint of the south. Much greater effects, however, follow from factor movements. [C68, D68, F13, F15]

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  • Suk-In Chang, 1997. "The Effects of Economic Integration Between North and South Korea: A Computable General Equilibrium Analysis," International Economic Journal, Taylor & Francis Journals, vol. 11(4), pages 1-16.
    • Handle: RePEc:taf:intecj:v:11:y:1997:i:4:p:1-16
    DOI: 10.1080/10168739700000023
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    1. Fritz Breuss & Jean Tesche, 1994. "A general equilibrium evaluation of trade and industrial policy changes in Austria and Hungary," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 130(3), pages 534-552, September.
    2. Shoven, John B & Whalley, John, 1984. "Applied General-Equilibrium Models of Taxation and International Trade: An Introduction and Survey," Journal of Economic Literature, American Economic Association, vol. 22(3), pages 1007-1051, September.
    3. Hamilton, Robert W & Whalley, John, 1985. "Geographically Discriminatory Trade Arrangements," The Review of Economics and Statistics, MIT Press, vol. 67(3), pages 446-455, August.
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    2. Sumie Sato & Mototsugu Fukushige, 2007. "The End of Import-Led Growth? North Korean Evidence," Discussion Papers in Economics and Business 07-38, Osaka University, Graduate School of Economics.
    3. Sato, Sumie & Fukushige, Mototsugu, 2011. "The North Korean economy: Escape from import-led growth," Journal of Asian Economics, Elsevier, vol. 22(1), pages 76-83, February.

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