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Research On The Quality Of Economic Growth Of The Republic Of Korea Since The East Asian Financial Crisis

Posted on:2020-12-19Degree:MasterType:Thesis
Country:ChinaCandidate:Y J WangFull Text:PDF
GTID:2439330596485297Subject:World economy
Abstract/Summary:
For a long time,for various reasons,people have focused on the quantitative changes in economic growth,while the focus on the quality of economic growth is relatively small.The Chinese economy has entered a "new normal",from a high-speed growth phase to a high-quality development phase,and the requirements and tasks of economic development have undergone profound changes.As a relatively developed economy in East Asia,especially after the baptism of the East Asian financial crisis,the economic development of the Republic of Korea will undoubtedly provide useful lessons for China..Since the East Asian financial crisis,the economic growth rate of the Republic of Korea has not maintained a high level before the crisis.In particular,the economic growth rate has slowed down in recent years.However,the international competitiveness of the Republic of Korea economy cannot be underestimated,and the quality of its economic growth is still steadily improving.This paper focuses on the systematic study of the economic growth quality of the Republic of Korea from 1997 to 2015.It not only helps people to fully understand the economic development of the Republic of Korea during this period,but also provides a reference for scholars who study the transformation of China’s economic development model.Based on the existing research results,the definition of the quality of economic growth is defined,and the three levels of analysis of the quality of economic growth are clarified.And the selection of six dimensions and 25 basic indicators to build a comprehensive evaluation index system of economic growth quality in line with the national conditions of the Republic of Korea.Based on the historical review necessary for economic growth and change in the Republic of Korea,using principal component analysis,the changes in the economic growth quality of the Republic of Korea from 1997 to 2015 were measured from the efficiency of economic growth,the stability of economic growth,the structure of economic growth,the cost of ecological environment,the change of welfare and the distribution of results,and the quality of national economy.It was found that unlike the large fluctuations in the number of economic growth,the Republic of Korea has achieved a steady increase in the quality of economic growth since the East Asian financial crisis.
Keywords/Search Tags:Republic of Korea, East Asian financial crisis, The quality of economic growth, Principal component analysis
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