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Article
Labor Surplus in Korea: A Reassessment
International Economic Journal
  • Evan W. Osborne, Wright State University - Main Campus
Document Type
Article
Publication Date
1-1-2000
Abstract

The paper estimates the Korean turning point, as defined in the labor-surplus model of Lewis (1954) and Fei and Ranis (1964), using a wide variety of data. The best estimate is somewhere in the period 1964-1968. In addition, unlike previous estimation work several data series are shown to support the entire model in addition to dating the turning point. Caution is urge in the use of econometric estimations of production-function parameters as a way to time the turning point.

DOI
10.1080/10168730000000039
Citation Information
Evan W. Osborne. "Labor Surplus in Korea: A Reassessment" International Economic Journal Vol. 14 Iss. 4 (2000) p. 125 - 141 ISSN: 1016-8737
Available at: http://works.bepress.com/evan_osborne/17/