Korea's first industrial revolution, 1911–1940 |
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| Authors: | Myung Soo Cha Nak Nyeon Kim |
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| Institution: | 1. School of Economics and Finance, Yeungnam University, 214-1 Dae-dong, Kyungsan, 712-749, South Korea;2. Department of Economics, Dongguk University (Seoul Campus), 1-30 Pildong-ro, Seoul, 100-715, South Korea;1. Department of Urban Engineering, Chungbuk National University, Chungju, Chungcheongbuk-Do 28644, Republic of Korea;2. Graduate School of Urban Studies, Hanyang University, Seoul 04763, Republic of Korea;1. Active Living by Design, North Carolina Institute for Public Health, Gillings School of Global Public Health, The University of North Carolina at Chapel Hill, Chapel Hill, North Carolina;2. Transtria LLC, St. Louis, Missouri;1. Department of Politics, Languages and International Relations, University of Bath, 1 West North, Bath BA2 7AY, UK;2. Department of Accounting, Economics and Finance, University of the West of England, Frenchay Campus, Coldharbour Lane, Bristol BS16 1QY, UK;3. Institute for Social Change, University of Manchester, Manchester M13 9PL, UK;4. School of Geographical Sciences, University of Bristol, Bristol BS8 1SS, UK;5. Department of Geography, University of Sheffield, Sheffield S10 2TN, UK |
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| Abstract: | We estimate output and population of colonial Korea to show that per capita output grew 2.3% with population expanding 1.3% per year from 1911 to 1940. Growth accounting indicated that productivity advance accounted for roughly one half of the per capita output growth. Primary production as a share of GDP fell from 69% to 42% during the period. Rapid productivity improvement caused nontradable sectors to become increasingly important, while capital accumulation drove industrialization. Demographic expansion, per capita output growth, and structural change occurred at considerably faster rates in northern than in southern provinces. |
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