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dc.contributor.authorKwon, Oh
dc.contributor.editorKap-Young Jeong, Yonsei University
dc.date.accessioned2017-05-03T13:10:30Z
dc.date.available2017-05-03T13:10:30Z
dc.date.issued2005
dc.date.modified2007-03-19T21:46:29Z
dc.identifier.issn1226508X
dc.identifier.doi10.1080/12265080500117541
dc.identifier.urihttp://hdl.handle.net/10072/4510
dc.description.abstractThis study analyses cultural effects on economic development in South Korea. It introduces the concept of transaction costs as an operational intermediary between culture and economic development. Using this approach, it is found that culture affects economic development through its impacts on transaction costs in the static case and in the dynamic case, through its impacts on the creative capacity of citizens. To assess the role of culture in future economic development, recent changes in Korean culture are examined. In view of recent changes identified, Korean culture will have a negative effect on the future economy, compared to its positive influence in earlier decades from the 1960s. Culture is not ceteris paribus. Even if all else remains the same, the prospects of the Korean economy will be tainted by the influence of culture.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoeng
dc.publisherRoutledge, Taylor & Francis Group
dc.publisher.placeOxfordshire UK
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom213
dc.relation.ispartofpageto231
dc.relation.ispartofedition2005
dc.relation.ispartofissue2
dc.relation.ispartofjournalGlobal Economic Review
dc.relation.ispartofvolume34
dc.rights.retentionN
dc.subject.fieldofresearchApplied Economics
dc.subject.fieldofresearchcode1402
dc.titleA cultural analysis of South Korea's economic prospects
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of International Business and Asian Studies
gro.rights.copyright© 2005 Taylor & Francis : The author-version of this article will be available for download [12-18 months] after publication : Use hypertext link to access the version of the publisher.
gro.date.issued2005
gro.hasfulltextNo Full Text
gro.griffith.authorKwon, Oh Y.


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