한국경제

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From “developing country” to “developed country”
The miracle on the Han River (江的奇迹)
# In less than four
decades, the totally
destroyed country
has became the
“Asian Tiger”.
GDP growth of Korea (nominal) (in hundred millions of US dollars)
GDP growth rate of Korea (%)
GDP per capita of Korea (in US dollars)
Growth rate in comparison(%)
GDP per capita in comparison (in US dollars)
GDP growth rate & Unemployment rate
The natural rate of unemployment in Korea: estimations and implications
Low
natural
unemployment
rate
increasing participation of female workers
decreasing participation of young workers
Efficient
job
matching
applicants
vacancies
country`s small size
prolong
unemployment
periods
institutional obstacles
employment insurance systems
other unemployment benefits
Increase
the
natural
rate

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