الطفرة التنموية لكوريا الجنوبية : دراسة قياسية

Abstract EN

The paper examines the sources of economic growth of South Korea in the long and short term during the period 1970-2016, which can be considered as indicators supporting the design of economic development strategies in developing countries Using the growth accounting methodology and cointegration and errors correction models.

The results of growth accounting methodology found that the accumulation process of physical capital represent the bulk of the growth in GDP in South Korea during the study’s period.

These results are in line with the theoretical expectations of the internal growth theory, which believes that longterm economic growth of countries can be sustained only if a development strategy is followed that integrates capital accumulation with efficiency and productivity gains.