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The productivity of foreign savings in a developing economy : a case study of South Korea, 1961-1980

With South Korea as the case study, this thesis analyzes the role, allocation, and productivity of foreign capital. We evaluate hypotheses based on the Harrod-Domar, Solow-Swan, and dual-gap growth models with foreign savings. An econometric growth-with-foreign debt model (consisting of forty three equations) is estimated to test hypotheses and to quantify theoretical conclusions. The econometrics include tests of (a) the Griffin-Enos substitution hypothesis, and (b) the Please hypothesis or effect. We also include South Korea's internal and external economic adjustments in response to the oil-with-recessionary shocks in 1974-1975, and 1979-1980. The econometric model is tested to ensure that its dynamic and system characteristics are economically and statistically sound to support simulation experiments. As a supplement to the economic analysis, the final chapter includes essential non-economic considerations.

Identiferoai:union.ndltd.org:LACETR/oai:collectionscanada.gc.ca:QMM.71806
Date January 1984
CreatorsYhip, Terrence M. (Terence Michael)
PublisherMcGill University
Source SetsLibrary and Archives Canada ETDs Repository / Centre d'archives des thèses électroniques de Bibliothèque et Archives Canada
LanguageEnglish
Detected LanguageEnglish
TypeElectronic Thesis or Dissertation
Formatapplication/pdf
CoverageDoctor of Philosophy (Department of Economics.)
RightsAll items in eScholarship@McGill are protected by copyright with all rights reserved unless otherwise indicated.
Relationalephsysno: 000220364, proquestno: AAINK20808, Theses scanned by UMI/ProQuest.

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