Philippe Aghion, Sergei Guriev and Kangchul Jo in this piece: Moving from low- to high-income status implies that countries escape the middle-income trap. This implies institutional reform to create innovation-based growth. The column uses firm-level data to show how the Korean government’s chaebol reforms in the late 1990s transformed the economy from an investment-based to an innovation-based model. There are lessons here for China. This entry was posted on November 8, 2019 at 5:34 pm and is filed under Academic research & research papers, Economics - macro, micro etc. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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Philippe Aghion, Sergei Guriev and Kangchul Jo in this piece: