The Economic Impact of Korean Reunification on Major Trade Partners: An Empirical Analysis Based on the World Input-Output Tables

Using the 2011 Word Input-Output Database (WIOD), we examine the economic impact of Korean reunification on Japan, China, the United States, and Russia by industry. We conduct a standard Leontief-type analysis with the assumption of supply constraints in the unified Korea. The results of our analysi...

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Bibliographic Details
Published inEmerging markets finance & trade Vol. 53; no. 11; pp. 2476 - 2504
Main Authors Fukao, Kyoji, Inui, Tomohiko, Kwon, Hyeog Ug
Format Journal Article
LanguageEnglish
Published Abingdon Routledge 01.01.2017
Taylor & Francis, Ltd
Taylor & Francis Ltd
Subjects
Economic impact
Korean reunification
world input-output tables
China
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Summary:Using the 2011 Word Input-Output Database (WIOD), we examine the economic impact of Korean reunification on Japan, China, the United States, and Russia by industry. We conduct a standard Leontief-type analysis with the assumption of supply constraints in the unified Korea. The results of our analysis show that Korea's major trade partners would experience a substantial increase in GDP and employment through Korea reunification. In particular, we found that China would benefit the most from Korea reunification.
ISSN:1540-496X
1558-0938
DOI:10.1080/1540496X.2017.1371589