North Korea

Development through Integration

What would happen if a poor country were to be integrated with a richer neighbor? Our analysis of the reunification of South and North Korea shows convergence of income between countries but divergence within.

Research Note
2 Mar 2021

Binding Up the Nation's Wounds: An Economic Analysis of the Korean Reunification

A unique study collects North Korean data and estimates a structural model to simulate the potential reunification and integration scenario for the economies of North and South Korea. 

Research Project
19 Jun 2015