How to reduce korean unification costs: two region endogenous growth model with human capital
남북한 통일비용을 줄이는 방안: 인적자본 고려한 두 지역간 내생적 성장모형을 중심으로
- 사회과학대학 경제학부
- Issue Date
- 서울대학교 대학원
- 학위논문 (석사)-- 서울대학교 대학원 : 경제학부, 2014. 8. 이지순.
- The purpose of this thesis is to estimate unification costs of North and South Korea and to obtain economic implications of how to reduce its costs. Costs are calculated by present value of dynamics of government transfer from the South to the North, using two-region endogenous growth model with human capital. Considering lessons from German reunification case and the North and South Korea's situation, I set up plausible three scenarios and dates for Korean unification. As a result, the North's reform and open market policy as well as the South's cooperative stance substantially reduce total costs of Korean unification.