How South Korea Escaped from the Malthusian Trap: Evidence from the Galor-Weil Model
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Tarih
2024
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Seoul National University,Institute of Economic Research
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This study analyzes how South Korea escaped the Malthusian trap using the Galor-Weil (2000) model. This study contributes to the literature on two points. First, it categorizes the education that enables quantity-quality tradeoffs into secondary and tertiary education. Second, this model was analyzed for the first time in South Korea. According to the empirical findings, education reduces fertility and mortality rates, but tertiary education is necessary for technological progress. South Korean society has changed its structure from quantity to quality and escaped the Malthusian trap as a consequence of its education policies.
Açıklama
Anahtar Kelimeler
Economic Growth, Malthusian Trap, Quantity-Quality Tradeoff
Kaynak
Seoul Journal of Economics
WoS Q Değeri
Q3
Scopus Q Değeri
Q4
Cilt
37
Sayı
4
