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The Potential Driving Forces of Wealth Accumulation by South Korea’s Leading Shipbuilding Giants: Wage-Labor Nexus and Dual-channel Capital Accumulation
Journal of Economics Library
View Archive Info| Field | Value | |
| Title |
The Potential Driving Forces of Wealth Accumulation by South Korea’s Leading Shipbuilding Giants: Wage-Labor Nexus and Dual-channel Capital Accumulation
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| Creator |
KIM, WooJin; Kyoto University
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| Subject |
Dual-channel capital accumulation; Wage–labor nexus; Korean shipbuilders; Structural transformation; Shipbuilding and offshore industry.
D22; J21; J31; L62 |
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| Description |
Abstract. This study explores how institutional factors increase the possibility of Korea’s three main shipbuilders’ capital accumulation and what effect institutional factors have on their capital accumulation. By examining the structural features of these shipbuilders’ labor and changes in their wage-labor nexus, the mechanisms of dual-channel capital accumulation are better understood. Ultimately, our findings show that dual-channel capital accumulation, which allows three shipbuilders to secure the practicality of overall loss minimization or overall profit maximization, has been created through the evolution of their labor structure.Keywords. Dual-channel capital accumulation, Wage–labor nexus, Korean shipbuilders, Structural transformation, Shipbuilding and offshore industry.JEL. D22, J21, J31, L62.
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| Publisher |
Journal of Economics Library
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| Contributor |
—
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| Date |
2017-03-10
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.kspjournals.org/index.php/JEL/article/view/1227
10.1453/jel.v4i1.1227 |
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| Source |
Journal of Economics Library; Vol 4, No 1 (2017): March; 9-29
2149-2379 |
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| Language |
eng
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| Relation |
http://www.kspjournals.org/index.php/JEL/article/view/1227/1182
http://www.kspjournals.org/index.php/JEL/article/downloadSuppFile/1227/584 http://www.kspjournals.org/index.php/JEL/article/downloadSuppFile/1227/585 http://www.kspjournals.org/index.php/JEL/article/downloadSuppFile/1227/586 http://www.kspjournals.org/index.php/JEL/article/downloadSuppFile/1227/587 http://www.kspjournals.org/index.php/JEL/article/downloadSuppFile/1227/588 http://www.kspjournals.org/index.php/JEL/article/downloadSuppFile/1227/589 http://www.kspjournals.org/index.php/JEL/article/downloadSuppFile/1227/590 |
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| Rights |
Copyright (c) 2017 Journal of Economics Library
http://creativecommons.org/licenses/by-nc/4.0 |
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