Does trade, technology or education expel traditional sectors? Evidence from the collapse of South Korea’s silk sector
Rapid economic growth and development often drives out traditional activities. We determine how increased trade, technology, and access to education in South Korea led to the collapse of its silk sector. Results show that although the imports of silk yarn and fabric reduced domestic silk output and...
| Autores principales: | , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Wiley
2008
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/2095 |
| _version_ | 1855521443571302400 |
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| author | Rakotoarisoa, M. Kim, S. |
| author_browse | Kim, S. Rakotoarisoa, M. |
| author_facet | Rakotoarisoa, M. Kim, S. |
| author_sort | Rakotoarisoa, M. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Rapid economic growth and development often drives out traditional activities. We determine how increased trade, technology, and access to education in South Korea led to the collapse of its silk sector. Results show that although the imports of silk yarn and fabric reduced domestic silk output and prices, trade liberalization was not the sole contributor to the collapse. Inelastic labor demand for unskilled workers, skill-biased technology, and especially increased access to education all led to a sharp rise in the relative wage of unskilled workers, and the ensuing rise in production costs contributed to the silk sector's collapse. |
| format | Journal Article |
| id | CGSpace2095 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2008 |
| publishDateRange | 2008 |
| publishDateSort | 2008 |
| publisher | Wiley |
| publisherStr | Wiley |
| record_format | dspace |
| spelling | CGSpace20952023-12-27T19:34:17Z Does trade, technology or education expel traditional sectors? Evidence from the collapse of South Korea’s silk sector Rakotoarisoa, M. Kim, S. trade korea republic Rapid economic growth and development often drives out traditional activities. We determine how increased trade, technology, and access to education in South Korea led to the collapse of its silk sector. Results show that although the imports of silk yarn and fabric reduced domestic silk output and prices, trade liberalization was not the sole contributor to the collapse. Inelastic labor demand for unskilled workers, skill-biased technology, and especially increased access to education all led to a sharp rise in the relative wage of unskilled workers, and the ensuing rise in production costs contributed to the silk sector's collapse. 2008-06 2010-08-02T12:42:51Z 2010-08-02T12:42:51Z Journal Article https://hdl.handle.net/10568/2095 en Limited Access Wiley Rakotoarisoa, M.; Kim, S. 2008. Does trade, technology or education expel traditional sectors? Evidence from the collapse of South Korea’s silk sector. Asian Economic Journal 22(2):113-132. |
| spellingShingle | trade korea republic Rakotoarisoa, M. Kim, S. Does trade, technology or education expel traditional sectors? Evidence from the collapse of South Korea’s silk sector |
| title | Does trade, technology or education expel traditional sectors? Evidence from the collapse of South Korea’s silk sector |
| title_full | Does trade, technology or education expel traditional sectors? Evidence from the collapse of South Korea’s silk sector |
| title_fullStr | Does trade, technology or education expel traditional sectors? Evidence from the collapse of South Korea’s silk sector |
| title_full_unstemmed | Does trade, technology or education expel traditional sectors? Evidence from the collapse of South Korea’s silk sector |
| title_short | Does trade, technology or education expel traditional sectors? Evidence from the collapse of South Korea’s silk sector |
| title_sort | does trade technology or education expel traditional sectors evidence from the collapse of south korea s silk sector |
| topic | trade korea republic |
| url | https://hdl.handle.net/10568/2095 |
| work_keys_str_mv | AT rakotoarisoam doestradetechnologyoreducationexpeltraditionalsectorsevidencefromthecollapseofsouthkoreassilksector AT kims doestradetechnologyoreducationexpeltraditionalsectorsevidencefromthecollapseofsouthkoreassilksector |