Kang-Kook Lee
Biographic Data
| ID | 4170532 |
|---|---|
| NAME | Kang-Kook Lee |
| GIVEN NAMES | Kang-Kook |
| FAMILY NAME | Lee |
| SIGNATURE | LEE K |
| AFFILIATIONS | Ritsumeikan University |
| ORCID | 0000-0002-7330-8482 |
| VERIFIED | Yes |
| TOTAL WORKS | 4 |
| TOTAL CITATIONS | 3 |
| WORKS AS AUTHOR | 4 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2017 |
| LATEST PUBLICATION YEAR | 2024 |
| H-INDEX | 1 |
Korea’s economic growth and the growth model in the changing global economy
This paper examines Korea's economic growth in the 2000s, with a focus on the growth model. Korea sustained relatively high growth for two decades after the 1997 crisis, primarily due to the rapid increase in exports to China. However, inequality rose and the wage share fell during the early part of this period, leading to the criticism in the mid- 2010s. The former Moon government introduced an "income-led growth" strategy aimed at increasing wa…
James Crotty’s Advice to Koreans
The Korean economy achieved rapid economic growth with equal income distribution for over three decades until the late 1990s when, in 1997, a financial crisis occurred. Mainstream economists and the International Monetary Fund (IMF) attributed this crisis to the problem of East Asian crony capitalism. The Korean government accepted this perspective and implemented neoliberal economic restructuring and financial opening after the crisis. However, …
Financialization and income inequality
This study investigates the effect of financialization and financial rent on income inequality across countries, including advanced and emerging markets and developing countries, in the 1998–2017 period. Employing a new measurement and dynamic panel estimation, we find that financialization measured by financial rent increases income inequality. We also find that the more monopolized banking sector is associated with higher income inequality. It …
Growth, inequality and structural changes in Korea
This article examines structural changes in the Korean economy and their implications for inequality and growth. Korea is well known for rapid economic growth and equal income distribution in the past. It has been called the East Asian miracle, the result of historical initial conditions and government policy efforts. However, after the 1997 financial crisis and economic restructuring, Korea’s egalitarian growth model is over. In the neoliberal g…
Financialization and income inequality
This study investigates the effect of financialization and financial rent on income inequality across countries, including advanced and emerging markets and developing countries, in the 1998–2017 period. Employing a new measurement and dynamic panel estimation, we find that financialization measured by financial rent increases income inequality. We also find that the more monopolized banking sector is associated with higher income inequality. It …
Growth, inequality and structural changes in Korea
This article examines structural changes in the Korean economy and their implications for inequality and growth. Korea is well known for rapid economic growth and equal income distribution in the past. It has been called the East Asian miracle, the result of historical initial conditions and government policy efforts. However, after the 1997 financial crisis and economic restructuring, Korea’s egalitarian growth model is over. In the neoliberal g…
Financialization and income inequality
This study investigates the effect of financialization and financial rent on income inequality across countries, including advanced and emerging markets and developing countries, in the 1998–2017 period. Employing a new measurement and dynamic panel estimation, we find that financialization measured by financial rent increases income inequality. We also find that the more monopolized banking sector is associated with higher income inequality. It …
James Crotty’s Advice to Koreans
The Korean economy achieved rapid economic growth with equal income distribution for over three decades until the late 1990s when, in 1997, a financial crisis occurred. Mainstream economists and the International Monetary Fund (IMF) attributed this crisis to the problem of East Asian crony capitalism. The Korean government accepted this perspective and implemented neoliberal economic restructuring and financial opening after the crisis. However, …
Korea’s economic growth and the growth model in the changing global economy
This paper examines Korea's economic growth in the 2000s, with a focus on the growth model. Korea sustained relatively high growth for two decades after the 1997 crisis, primarily due to the rapid increase in exports to China. However, inequality rose and the wage share fell during the early part of this period, leading to the criticism in the mid- 2010s. The former Moon government introduced an "income-led growth" strategy aimed at increasing wa…
Economics (4 works) · Economic inequality (3 works) · Economy (3 works) · Inequality (3 works) · Asian Industrial and Economic Development (2 works) · Development economics (2 works) · Economic Growth and Productivity (2 works) · Economic Theory and Policy (2 works) · Finance (2 works) · Income distribution (2 works)