Estimation of Benefits and costs of Korea’s unification:A critical review

Title
Estimation of Benefits and costs of Korea’s unification:A critical review
Authors
정인교
Keywords
Unification of Korea, benefits and costs of unification, IO table of North Korea
Issue Date
2015-05
Publisher
JOURNAL OF INTL LOGISTICS AND TRADE
Series/Report no.
JOURNAL OF INTL LOGISTICS AND TRADE ; 13권 1호 pp31~47
Abstract
Discussion of unification was for several decades focused on the costs rather than the benefits for Korea, until reports emphasizing the latter were published by Goldman Sachs(2009) and various Korean think tanks over the past four to five years. Although these studies can be evaluated positively in pointing out the benefits of unification rather than the concerns about the costs, several questions can be raised. This paper tries to evaluate the quality and credibility of existing studies and suggests a new approach for estimating the impact of unification. It proposes a computational general equilibrium (CGE) model to be based on the social accounting matrix (SAM) and input-output (IO) table for the North Korean economy, in order to produce more reliable estimates of the benefits and costs of unification and the impact of various cooperative activities between the two Koreas.
URI
http://www.dbpia.co.kr/openurl/?vol=13&page=31&issue=1&issn=1738-2122&year=2015
http://dspace.inha.ac.kr/handle/10505/55814
ISSN
1738-2122
Appears in Collections:
College of Business Administration (경영대학) > International Trade (국제통상학) > Journal Papers, Reports(국제통상학 논문, 보고서)
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