Does trade, technology or education expel traditional sectors? Evidence from the collapse of South Korea’s silk sector

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dc.creatorRakotoarisoa, M.
dc.creatorKim, S.
dc.date2008-06
dc.date2010-08-02T12:42:51Z
dc.date2010-08-02T12:42:51Z
dc.date.accessioned2026-06-27T16:42:52Z
dc.descriptionRapid 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.
dc.identifierhttps://hdl.handle.net/10568/2095
dc.identifier.urihttp://hdl.handle.net/123456789/131248
dc.languageen
dc.publisherWiley
dc.rightsLimited Access
dc.sourceRakotoarisoa, 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.
dc.subjecttrade
dc.subjectkorea republic
dc.titleDoes trade, technology or education expel traditional sectors? Evidence from the collapse of South Korea’s silk sector
dc.typeJournal Article

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