Imperial Policy or World Price Shocks? Explaining Interwar Korean Consumption Trend

  title={Imperial Policy or World Price Shocks? Explaining Interwar Korean Consumption Trend},
  author={Myung Soo Cha},
  journal={The Journal of Economic History},
  pages={731 - 754}
  • M. Cha
  • Published 1 September 1998
  • Economics, History
  • The Journal of Economic History
Japan vigorously enforced wide-ranging developmental policies in colonial Korea, including a “green revolution” and an industrialization drive. Why did then colonial per capita food availability decline? Simulations using a dynamic general equilibrium model indicate that tax raises, which financed expanding public investment, did not lower, but raised consumption levels over time by accelerating accumulation. Food consumption fell because these policy efforts were inadequate to defeat… 


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