Japanese and Korean growth in the size of government seems to validate Directors’ Law. Government get bigger after countries become rich.
Data extracted on 23 Feb 2016 07:08 UTC (GMT) from OECD.Stat.
Japanese, Korean and US tax revenues as a % of GDP since 1965
02 Mar 2016 Leave a comment
in development economics, economic history, growth miracles, public economics Tags: growth of government, Japan, size of government, South Korea
Japanese, Korean and US general government expenditure as a % of GDP since 1960
02 Mar 2016 Leave a comment
in development economics, economic history, growth miracles, Public Choice, public economics Tags: growth of government, Japan, size of government, South Korea
North Korea and South Korea: Economic and Military Comparison
15 Jan 2016 Leave a comment
in development economics, growth disasters, growth miracles Tags: North Korea, South Korea, South Korea North Korea
He who is first is now last: real GDP per capita of the East Asian Tigers since 1950
05 Nov 2015 1 Comment
in development economics, economic history, growth miracles Tags: East Asian Tigers, Hong Kong, Japan, Singapore, South Korea, Taiwan
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.
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
05 Nov 2015 Leave a comment
in development economics, economic history, growth miracles Tags: South Korea, The Philippines
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
24 Oct 2015 Leave a comment
in development economics, discrimination, economic history, economics of education, gender, growth miracles, human capital, labour economics, labour supply, occupational choice Tags: asymmetric marriage premium, compensating differentials, gender wage gap, marital division of labour, South Korea
No Generation Rent in #Nihon – real housing prices in #Japan and #SouthKorea since 1975
16 Sep 2015 Leave a comment
in development economics, economic history, growth miracles, urban economics Tags: Generation Rent, housing affordability, housing prices, Japan, land supply, land use planning, NIMBYs, South Korea, zoning
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
26 Aug 2015 Leave a comment
in population economics Tags: ageing society, demographic crisis, economics of fertility, France, Japan, South Korea
North and South Korea in the 20th century
03 Aug 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, growth disasters, growth miracles, income redistribution, Marxist economics, Public Choice, rentseeking Tags: central planning, North Korea, South Korea
62 years ago North and South Korea signed a truce
28 Jul 2015 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, development economics, economics of bureaucracy, growth disasters, growth miracles, income redistribution, liberalism, Marxist economics, Public Choice, rentseeking Tags: collapse of communism, economics of central planning, failed states, North Korea, South Korea
https://twitter.com/TheEconomist/status/625658259861598209/photo/1
Truce is signed and the fighting ends in Korea on this day in 1953. nyti.ms/1D1Yswe http://t.co/O9a8iJgE99—
NYT Archives (@NYTArchives) July 27, 2015
The Great Escape in South Korea
27 Jul 2015 Leave a comment
in development economics, economic history, growth disasters, growth miracles, health economics Tags: child mortality The Great Escape, infant mortality, South Korea
Child Mortality decreased incredibly fast in South Korea.
My History of Global Health: OurWorldInData.org/VisualHistoryO… http://t.co/dMl8YOOuuJ—
Max Roser (@MaxCRoser) July 20, 2015
Comparison of shipping density in North and South Korea
23 Apr 2015 Leave a comment
Comparison of shipping density in North and South Korea http://t.co/8W6gaHYgqL—
Amazing Maps (@amazinmaps) April 23, 2015
60 years ago North Korea was richer than the South
15 Apr 2015 1 Comment
in comparative institutional analysis, constitutional political economy, development economics, economic history, growth disasters, growth miracles Tags: capitalism and freedom, China, North Korea, South Korea
North and South Korea compared
02 Apr 2015 Leave a comment
Why a country’s average height is a good way of measuring its development | The Guardian
31 Mar 2015 Leave a comment
in development economics, growth disasters, growth miracles, health economics Tags: economics of physiology, Hong Kong, Japan, Philippines, Singapore, South Korea
I spotted this 20 years ago when I first travelled in Asia and then lived Japan for two years. In Japan in 1995, each generation of Japanese was head and shoulders taller than the last. In the Philippines, I could look over the crowd – it was great to be tall.
No more, no longer. In the Philippines, young Filipinos are often almost as tall as me.
When I visited Hong Kong recently, both the young Chinese men and women were a bit taller than me at McDonald’s. I am average height for my generation of Australian men.
via Why a country’s average height is a good way of measuring its development | News | The Guardian.
Utopia, you are standing in it! 
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