This paper reviews four stylized facts about Korea's development strategy including neutral incentives between sales on the domestic and external markets; large foreign aid flows early on in the choice of development strategy; rising share of domestic saving in gross national product (GNP); and low incremental capital output ratios. These stylized facts are then incorporated in two simulation models, a dynamic input-output model and a computable general...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1987/06/01
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Рабочий документ департамента
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DRD299
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1
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1
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2013/06/10
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Disclosed
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Simulating alternative development strategies : some suggestions from Korea's experience
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relative price of investment good