Winners and losers in a knowledge-based economy
Investigating the policy packages for an inclusive growth based on a computable general equilibrium analysis of Korea
Bibliographic Data
| ID | 12550087 |
|---|---|
| Authors | Yeongjun Yeo (0000-0001-9782-3924, National Assembly Futures Institute, National Assembly of Republic of Korea, Seoul, Republic of Korea), Jeong-Dong Lee (Seoul National University), Jeong‐Dong Lee (0000-0003-3474-0384, Seoul National University), Sungmoon Jung (0000-0003-1120-5987, Silla University, corresponding author) |
| Year | 2021 |
| Volume | 28 |
| Issue | 2 |
| Pages | 420-456 |
| Publication date | 2021-10-07 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of the Asia Pacific Economy (JOURNAL) |
| Journal identifiers | ISSN: 1354-7860 • E-ISSN: 1469-9648 |
| Publisher | Routledge (PUBLISHER • GB) |
| DOI | 10.1080/13547860.2021.1982193 |
| OpenAlex | W3206093959 |
| Language | EN |
| Citations received | 2 |
| References cited | 44 |
This study proposes a conceptual framework to investigate the economy-wide impacts of factor-biased technological change and the role of policy packages to spur inclusiveness of the economy. Based on this conceptual framework, this study explores the impacts of proposed policy-mixes in terms of growth and distribution using a computable general equilibrium (CGE) model. The results show that the policy package consisting of innovation, education, and taxation policies has the potentials to serve as a policy option to achieve the inclusive growth. Our simulation results suggest that governments should adapt tax systems for the inclusive growth and adjustment mechanisms to help workers navigate sufficient opportunities for skill accumulation, and to facilitate technological innovation within the economic system. Our results shed light on the importance of the policy packages in resolving the side effects of factor-biased technological progress and spur the inclusive growth in the knowledge-based economy
Computable general equilibrium · Conceptual framework · Distribution (mathematics · Economic growth · Economic system · Economics · Economy · General equilibrium theory · Growth theory · Inclusive growth · Knowledge economy · Macroeconomics · Neoclassical economics · Public economics · Technological change · Economic Growth and Productivity · Energy, Environment, Economic Growth · Fiscal Policy and Economic Growth
Promoting Inclusive Growth
Capital in the Twenty-First Century
Explaining Job Polarization
The Global Decline of the Labor Share
Capital-skill Complementarity and Inequality
Redistribution, Inequality, and Growth
What Does Human Capital Do? A Review of Goldin and Katz's The Race between Education and Technology
A General Equilibrium Approach To Monetary Theory
Skill‐Biased Technological Change and Rising Wage Inequality
The Race between Man and Machine
Labor Supply Response to the Earned Income Tax Credit
Can Second-Generation Endogenous Growth Models Explain the Productivity Trends and Knowledge Production in the Asian Miracle Economies
Human capital and income inequality
Conceptualising Inclusive Innovation
Revitalizing the race between technology and education
The Many Faces of Universal Basic Income
Tax Morale
Basic Income
| Citations per year | 1 |
|---|---|
| Citation span | 2024 - 2025 (2) |
| Highly cited | No |