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Trade Openness, Structural Change and Total Factor Productivity
Sohrab Abizadeh 한국국제경제학회 2009 International Economic Journal Vol.23 No.4
The impact of trade openness on growth of total factor productivity (TFP) is investigated. Given the differences in tradability of goods across sectors as well as the ongoing structural change, we examine whether trade openness has had a differential impact on TFP growth of the three main sectors of an economy. While the positive impact of openness on TFP growth for the aggregate economy is confirmed, openness has had no appreciable impact on the growth of TFP in the agricultural and industrial sectors. We find that the positive effect of openness on TFP growth for the economy as a whole was mostly due to the positive relationship between the two variables for the services sector. Further, we conclude that the lack of a general consensus in past studies could be due to their neglect of structural change and temporal factors when analyzing the trade-TFP nexus.
An Analysis of Taxation Trends in South Korea
Sohrab Abizadeh,Mahmood Yousefi 서울대학교 경제연구소 1994 Seoul journal of economics Vol.7 No.3
Scholars and policy makers marvel at the success of South Korea, a newly industrialized nation. In one generation this country has been transformed from a nation of war torn poverty to an industrial giant. This makes an examination of taxation in South Korea a worthwhile exercise. Basically, the objective of this paper is to provide an analysis of taxation trends in South Korea. This paper begins with a brief review of the economic environment in South Korea. Next, it focuses on a descriptive as well as empirical analysis of taxation trends. The paper concludes with a brief summary.