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| Tekijä: | Jeong, K. J. Masson, R. T. |
| Otsikko: | Market structure, entry, and performance in Korea |
| Lehti: | Review of Economics and Statistics
1990 : AUG, VOL. 72:3, p. 455-462 |
| Asiasana: | MARKET STRUCTURE ENTRY CONDITIONS KOREA, SOUTH GOVERNMENT ECONOMIC GROWTH |
| Kieli: | eng |
| Tiivistelmä: | A recursive model of structure-entry-performance is applied with structural feedbacks to 62 Korean manufacturing industries for 1976-1981. The results indicate that, despite active government intervention, the invisible hand is working: structure is evolving as expected with high profits leading to entry and consequently lower profits. However, there is little support for limit pricing hypotheses in this explosively growing economy. |
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