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@article{ART002441301},
author={Deokmin Kim},
title={Income-led Growth and Wage Inequality in the Korean Economy (1980-2013): A VAR /VECM Approach},
journal={Studies in Humanities and Social Sciences},
issn={1598-4230},
year={2019},
volume={62},
number={1},
pages={35-54},
doi={10.17939/hushss.2019.62.1.002}

TY - JOUR
AU - Deokmin Kim
TI - Income-led Growth and Wage Inequality in the Korean Economy (1980-2013): A VAR /VECM Approach
JO - Studies in Humanities and Social Sciences
PY - 2019
VL - 62
IS - 1
PB - Institute of Humanities and Social Sciences
SP - 35
EP - 54
SN - 1598-4230
AB - In this paper, I test the relationship between economic growth and income distribution in the Korean economy. In recent years, a widening gap between wage-earners and income distribution has become an important issue in the Korean economy. Thus, the VAR/VEC framework, which takes account of the historical pattern of wage inequality in Korea, is used to investigate a complicated effect of income distribution on economic growth in recent decades. In this paper, I identify the cointegrating vectors to establish the long-term relationship between the variables and the use of the impulse responses of each variable for investigating the short-term effects of each exogenous shock using the VAR approach. This study suggests that the income-led growth perspective will not inspire research about the Korean economy if the income-led growth perspective should not be enough to account for Korea’s wage inequality.
KW - Korean economy;income-led growth;wage inequality
DO - 10.17939/hushss.2019.62.1.002
ER -

Deokmin Kim. (2019). Income-led Growth and Wage Inequality in the Korean Economy (1980-2013): A VAR /VECM Approach. Studies in Humanities and Social Sciences, 62(1), 35-54.

Deokmin Kim. 2019, "Income-led Growth and Wage Inequality in the Korean Economy (1980-2013): A VAR /VECM Approach", Studies in Humanities and Social Sciences, vol.62, no.1 pp.35-54. Available from: doi:10.17939/hushss.2019.62.1.002

Deokmin Kim "Income-led Growth and Wage Inequality in the Korean Economy (1980-2013): A VAR /VECM Approach" Studies in Humanities and Social Sciences 62.1 pp.35-54 (2019) : 35.

Deokmin Kim. Income-led Growth and Wage Inequality in the Korean Economy (1980-2013): A VAR /VECM Approach. 2019; 62(1), 35-54. Available from: doi:10.17939/hushss.2019.62.1.002

Deokmin Kim. "Income-led Growth and Wage Inequality in the Korean Economy (1980-2013): A VAR /VECM Approach" Studies in Humanities and Social Sciences 62, no.1 (2019) : 35-54.doi: 10.17939/hushss.2019.62.1.002

Deokmin Kim. Income-led Growth and Wage Inequality in the Korean Economy (1980-2013): A VAR /VECM Approach. Studies in Humanities and Social Sciences, 62(1), 35-54. doi: 10.17939/hushss.2019.62.1.002

Deokmin Kim. Income-led Growth and Wage Inequality in the Korean Economy (1980-2013): A VAR /VECM Approach. Studies in Humanities and Social Sciences. 2019; 62(1) 35-54. doi: 10.17939/hushss.2019.62.1.002

Deokmin Kim. Income-led Growth and Wage Inequality in the Korean Economy (1980-2013): A VAR /VECM Approach. 2019; 62(1), 35-54. Available from: doi:10.17939/hushss.2019.62.1.002

Deokmin Kim. "Income-led Growth and Wage Inequality in the Korean Economy (1980-2013): A VAR /VECM Approach" Studies in Humanities and Social Sciences 62, no.1 (2019) : 35-54.doi: 10.17939/hushss.2019.62.1.002