Search Results - "Woo, Jaejoon"

Inequality, redistribution, and growth: new evidence on the trade-off between equality and efficiency by Woo, Jaejoon

“…The past several decades have seen a significant and sustained increase in income inequality across many countries. Against this backdrop, some policymakers…”
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Growth, income distribution, and fiscal policy volatility by Woo, Jaejoon

“…The relationship between income distribution and economic growth has long been an important economic research subject. Despite substantial evidence on the…”
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Public Debt and Growth by Woo, Jaejoon, Kumar, Manmohan S.

“…The recent global financial crisis has led to an unprecedented increase in public debt across the world, raising serious concerns about its economic impact…”
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PRODUCTIVITY GROWTH AND TECHNOLOGICAL DIFFUSION THROUGH FOREIGN DIRECT INVESTMENT by WOO, JAEJOON

“…Foreign direct investment (FDI) has dramatically increased worldwide and is the most important form of all private capital flows to developing countries. Yet,…”
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Economic, political, and institutional determinants of public deficits by Woo, Jaejoon

“…We examine a large set of economic, sociopolitical, and institutional variables in a panel of 57 developed and developing countries over the period of…”
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Social polarization, fiscal instability and growth by Woo, Jaejoon

“…We present a dynamic model of fiscal policy in a simple growth framework where social polarization (of preferences) plays a central role in the evolution of…”
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Whither South Korea's economic growth? Growth deceleration, structural issue, and risk of stagnation by Woo, Jaejoon

“…Korea has been struggling with its faltering growth over recent years. Sorting out the key elements that have gone into this slowdown and what it takes to…”
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The long-run determinants of redistribution: evidence from a panel of 47 countries in 1967–2014 by Woo, Jaejoon

“…Redistribution is one of the most central functions of modern government. Against the backdrop of rising income inequality in many countries, policymakers and…”
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WHY DO MORE POLARIZED COUNTRIES RUN MORE PROCYCLICAL FISCAL POLICY? by Woo, Jaejoon

“…We study the cyclical behavior of fiscal policy to explain why some countries exhibit procyclical fiscal policy stances—being expansionary in good times and…”
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Financial crises and inequality: New evidence from a panel of 17 advanced economies by Woo, Jaejoon

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Revisiting Okun's law in South Korea: Asymmetries, crises, and structural changes by Woo, Jaejoon

“…How well does Okun's law fit the data for Korea? This is not only a significant question but also has attracted interest lately, as economists have debated…”
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Does it matter for the economy to have a conservative or liberal government in Korea? Political parties and business cycle in South Korea, 1998-2019 by Woo, Jaejoon

“…Political ideologies have gained significance in Korean politics in recent decades. We investigate whether there have been any major differences between the…”
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The Puzzle of Persistently Negative Interest-Rate–Growth Differentials: Financial Repression or Income Catch-Up? by Escolano, Julio, Shabunina, Anna, Woo, Jaejoon

“…The interest-rate–growth differential (IRGD) plays a critical role in determining the sustainability of government debt. Yet it is striking that IRGDs are…”
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Why do more polarized countries run more procyclical fiscal policy? by Woo, Jaejoon

“…We study the cyclical behavior of fiscal policy to explain why some countries exhibit procyclical fiscal policy stances-being expansionary in good times and…”
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Distributional Consequences of Fiscal Adjustments: What Do the Data Say? by WOO, JAEJOON, BOVA, ELVA, KINDA, TIDIANE, ZHANG, Y. SOPHIA

“…The 2007-2009 Great Recession has led to an unprecedented increase in public debt in many countries, triggering substantial fiscal adjustments. What are the…”
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Social polarization, industrialization, and fiscal instability: theory and evidence by Woo, Jaejoon

“…This paper is motivated by an important puzzle that arises from the contrasting macroeconomic experience across developing regions in the recent decades. In…”
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The political economy of public deficits by Woo, Jaejoon

“…This dissertation consists of three essays that study the linkage between social polarization and macroeconomic problems such as public deficits, poor economic…”
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