Gordon Tullock on the accidental Korean economic miracle

From https://books.google.co.nz/books?id=FKDwntn7fwAC&pg=PA43&lpg=PA43&dq=gordon+tullock+park+korea&source=bl&ots=DYpxLizASz&sig=ACfU3U1fS2nFte2jtEu1JWUwPL4oQzhrPQ&hl=en&sa=X&ved=2ahUKEwjJvuK5g6bxAhWpyzgGHX6KCaAQ6AEwFHoECAwQAg#v=onepage&q=gordon%20tullock%20park%20korea&f=false

Gordon Tullock on the accidental Korean economic miracle

Gordon Tullock on an accidental economic miracle

Gordon Tullock explains the Korean economic miricle

Why does this North Korean defector want to return home ? BBC News

North Korean Calculations behind the Blue House Raid and the USS Pueblo Incident

The Korean economic miracle

Japanese, Korean and US tax revenues as a % of GDP since 1965

Japanese and Korean growth in the size of government seems to validate Directors’  Law. Government get bigger after countries become rich.

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Data extracted on 23 Feb 2016 07:08 UTC (GMT) from OECD.Stat.

Japanese, Korean and US general government expenditure as a % of GDP since 1960

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Data extracted on 23 Feb 2016 07:45 UTC (GMT) from OECD.Stats.

North Korea and South Korea: Economic and Military Comparison

He who is first is now last: real GDP per capita of the East Asian Tigers since 1950

Japan has gone first to be last having been just overtaken in the last year or two by South Korea on a per capita real GDP basis, PPP. The Lost Decade certainly has taken its toll on Japanese relative prosperity. Singapore overtook Japan in the 1970s – a testament to the Singapore miracle. Hong Kong too overtook Japan on a purchasing power basis in the mid-1990s followed not long after by Taiwan. Singapore is seriously rich.

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Source: The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Making one miracle: Philippine and South Korean real GDP per capita since 1950

About 20 years ago, Robert Lucas reminded that in 1960 the Philippines and South Korea were at the same level of economic development. What followed for one was an economic miracle while the other the other grew at the same average pace as other developing countries is the central puzzle for the economics of economic growth.

Source: The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Source: Robert E. Lucas Jr. “Making a Miracle” Econometrica (1993).

South Korean gender pay gap for the 10th, 50th and 90th percentile since 1985

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Source: OECD Employment Database.

No Generation Rent in #Nihon – real housing prices in #Japan and #SouthKorea since 1975

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Source: International House Price Database – Dallas Fed

Note: The house price index series is an index constructed with nominal house price data. The real house price index is an index calculated by deflating the nominal house price series with a country’s personal consumption expenditure deflator.

France is holding its own on the demographic crisis

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