Journal of Economic Development 2021 KCI Impact Factor : 0.04

Korean | English

pISSN : 0254-8372
Aims & Scope
The Journal of Economic Development (JED) promotes and encourages research that aims at economic development and growth by publishing papers of great scholarly merit on a wide range of topics and employing a wide range of approaches. JED welcomes both theoretical and empirical papers in the fields of economic development, economic growth, international trade and finance, labor economics, IO, social choice, and political economics. JED also invites the economic analysis on the experiences of economic development in various dimensions from all the countries of the globe.
Sung Y. Park

(Chung-Ang University)

Citation Index
  • KCI IF(2yr) : 0.04
  • KCI IF(5yr) : 0.03
  • Centrality Index(3yr) : 0.288
  • Immediacy Index : 0.0

Current Issue : 2022, Vol.47, No.2

  • The Effect of Industrial, Financial, Technological and Environmental Development Indicators on the Democracy Level in Emerging Economies

    Rabia Efeoglu | Sabri Azgun | 2022, 47(2) | pp.1~19 | number of Cited : 0
    Abstract PDF
    The study investigates the effects of industrial production, high-technology exports, credit to private sector, and environmental industrialization indicators on the level of democracy in emerging markets. We tested the impact of industrialization indicators on the level of democracy with the dynamic panel data model and the panel ordered qualitative choice model that we used for the first time in the democracy literature. We obtained similar results from both dynamic panel data analysis and ordered qualitative choice model analysis. We conclude that economic development raises the level of democracy and is more effective at higher levels of democracy.
  • Who Has Benefitted from Malaysia-Pakistan Free Trade Agreement? An Industry Level Analysis

    Mohsen Bahmani-Oskooee | Muhammad Aftab | 2022, 47(2) | pp.20~38 | number of Cited : 0
    Abstract PDF
    A Free Trade Agreement between Malaysia and Pakistan, formally known as Closer Economic Partnership Agreement (MPCEPA) took place in 2007. We analyze the trade flows of 31 industries that trade between the two countries in order to identify industries that benefit from the agreement in Pakistan and those that benefit in Malaysia. Combining the results from estimating the linear and nonlinear trade balance models for each industry, we find significant evidence of relatively more industries benefitting from the agreement in Pakistan.
  • How Long Micro and Small Enterprises Do Wait to Graduate? Empirical Evidence from Duration Analysis in Ethiopia

    Kidanemariam Gebregziabher | Muuz Hadush | Meaza Gebremichae | 2022, 47(2) | pp.39~65 | number of Cited : 0
    Abstract PDF
    The paper has examined the determinants of graduation of MSEs and tried to estimate the average time required to move from one stage into the next stage (i.e., from micro into small and small to medium level). Using 666 nationally representative MSEs sample data from the World Bank Enterprise pool data collected in 2015, both parametric and semi-parametric duration models are applied to estimate the conditional probability of MSEs graduation. The models used include the full parametric models (the Weibull Proportional Hazard (PH model) and the Lognormal Accelerated Failure Time (AFT model) and the Cox Proportional Hazard (Cox PH) model among the semi-parametric models. A number of interesting findings have emerged. Our findings confirm that percent of manager’s time allocated to the enterprise’s affairs, managers’ experience, business/system improvement, enterprise’s location and percent of internal funds/earnings mobilized were found to be positive and significant to increase the likelihood of early graduation of micro or small firms. On the other side, variables, such as degree of competition from informal firms, power supply shortage, land access problem and access to finance from private source increased the graduation duration. It appears that solving power supply shortage and land administration governance is an effective way to increase their graduation. If speedy graduation is desired, then policies should encourage more skill-oriented training about the new innovation and land administration.