Series: IMF Working Papers
Author(s): Sonali Jain-Chandra , and Longmei Zhang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 03 April 2014
Keywords: potential output, structural reforms, income convergence, labor force, labor force participation, employment, labor market, employment protection legislation, Macroeconomic Analyses of Economic Development, potential outputa,
Korea's rapid growth has slowed in recent years, suggesting lower potential growth. This paper uses an array of techniques, including statistical filters, a multivariate model and the production function, to estima...