Koreanistik

Hak K. Pyo

Professor Emeritus

Office

Seoul National University
Kwanak-Ro 1 Kwanak-ku, Seoul 08826, South Korea

 Wilhelmstr. 133, Room 56

 82-2-880-6380   
Mobile: 82-10-2812-3179   
Fax: 82-2-886-4231

 hakkpyospam prevention@gmail.com

Portrait

Hak K. Pyo is Professor Emeritus, the Faculty of Economics, and Visiting Scholar at Asia Center, Seoul National University. He has served as Professor of International Economics and Econometrics at Seoul National University since 1981 until February 2013. He earned BA from Seoul National University (1970) and Ph. D from Clark University (1977). He also served as Visiting Professor at International Monetary Fund (1989-1990), Paul Nitze School of Advanced International Studies, Johns Hopkins University (1997-1998), and the Faculty of Economics, University of Tokyo (1998-1999; 2005 June-August). He has lectured, Korean Economy, as Visiting Professor at UCSD, School of International Relations and Pacific Studies during Winter Quarter in 2006-2011. He was Visiting Scholar at Korea Institute of Finance in 2013-14 and Korea Institute for International Economic Policy in 2014-2017.

 

Professor Pyo was the winner of Chung Ram Award in 1988 by Korea Economic Association for his research on the estimation of capital stock. He served as President of Korea Econometric Society in 1997 and President of Korea International Economic Association in 2009. He also served as Member of Presidential Commission for Policy Planning during 1993-1996. He was Director of Center for National Competitiveness (CNC), Seoul National University during 2002-2013. He also served as Chairman of Asia KLEMS Committee (www.asiaklems.net) during 2009-2013 and now serves as Advisor to the Committee.

He served as consultant to Asian Development Bank (1996), World Bank (1997),  Institute of Developing Economies in Tokyo (1992-1999) and APO for expert training on productivity in Malaysia, Iran, Vietnam and Thailand. He published many articles in professional journals and books including “Inflationary Expectations, ‘Endogenous Money’, and Economic Growth”, Journal of Macroeconomics (1986), “The Transition in the Political Economy of South Korean Development”, Journal of Northeast Asian Studies (1993), “Excess Competition, Moral Hazard and Industrial Trauma in Korea, 1977-1998”, in Private Capital Flows in the Age of Globalization: The Aftermath of the Asian Crisis, edited by U. Dadush, D.Dasgupta, and M. Uzan, Edward Elgar, Northampton, MA, 2000, and Korea, Volume 4 edited by Mizoguchi, T. , H. Pyo and H. Moon, Toyokeizai Shinposa, Tokyo, 2009 (in Japanese), and “Financial Crisis and Relative Productivity Dynamics in Korea: Evidence from Firm-level Data (1992-2003)” (with Keun Hee Rhee), Journal of Productivity Analysis (2010), and Chapter 23 Productivity and Economic Development in Oxford Handbook of Productivity Analysis Tatje, E., K. Lovell and R. Sickle eds., Oxford University Press, 2018.

Fields of Specialization

  • International Economics
  • Econometrics
  • Productivity Analysis and Corporate Strategy

Academic Profile

since 1981
Professor

Seoul National University

since 2018
Visiting Professor

George Mason University Korea

2006-2011
Visiting Professor

UC San Diego, Graduate School of International Relations and Pacific Studies

2004-2005
Visiting Professor

Hitotsubashi University, Center for Economic Institutions, Tokyo, Japan

1998-1999 and 2005
Visiting Professor

University of Tokyo, Center for International Research on the Japanese Economy

1997-1998
Visiting Professor

The Paul Nitze School of Advanced International Studies (SAIS), Johns Hopkins University, Washington DC

1997
Director

Institute of World Economy, Seoul National University

1995
Visiting Scholar

Gaston Sigur Center for East Asian Studies, George Washington University, Washington D.C.,

1989-1990
Visiting Professor

International Monetary Fund

1977-1981
Assistant Professor

University of Lowell, Lowell, Mass. USA

1977
Ph.D.

Clark University, Worcester, Ma. USA

1975-77
Special Student

Econometrics Seminar, Harvard University, Cambridge, MA, USA

1974-1977
Research Assistant, Teaching Assistant, and Lecturer

Clark University

1970
B.A.

Seoul National University

Honors

  • Seoul National University, Summa Cum Laude (1970)
  • Korea Economic Association, Chungram Award Winner(1988)
  • Korea National Statistical Office, Presidential Prize (2007)

Publications

Major Publications

  • 2019 Chapter 10 Capital Formation and Stock and Chapter 12 National Accounts in Asia Long-term Historical Statistics, Volume 4 Korea, edited by Mizoguchi T., Hak K. Pyo and Hoil Moon, Toyo Keizai Shinpo, Tokyo (in Japanese)
  • 2018 “Chapter 23 Productivity and Economic Development” in Oxford Handbook of Productivity Analysis edited by E. Tatje, K. Lovell and R. Sickles, Oxford University Press
  • 2018 “Labor Productivity and a Test of Kaldor-Verdoorn Law in East Asia” in Productivity Dynamics in Emerging and Industrialized Countries edited by Deb Kusum Das, Taylor & Francis Group, Delhi, India,
  • 2010 “Financial Crisis and Relative Productivity Dynamics in Korea: Evidence from Firm-level Data (1992-2003)” (with Keun Hee Rhee), Journal of Productivity Analysis
  • 2000 “Excess Competition, Moral Hazard and Industrial Trauma in Korea, 1977-1998”, in Private Capital Flows in the Age of Globalization: The Aftermath of the Asian Crisis, edited by U. Dadush, D.Dasgupta, and M. Uzan, World Bank, Edward Elgar, Northampton, MA
  • 1993 “The Transition in the Political Economy of South Korean Development”, Journal of Northeast Asian Studies
  • 1986 “Inflationary Expectations, ‘Endogenous Money’, and Economic Growth”, Journal of Macroeconomics

Other Publications

  • 2013 Industrial Restructuring and Induced Employment Effects in Korea: Analysis and Perspectives, Long-term Credit Bank Foundation Research Report, Seoul (in Korean)
  • 2013 “Korean Economy in Stagnation: A Search for Solutions”, 2032 The Monthly Magazine, May 2013 Vol.2/No.9 (in Korean)
  • 2012 The Relationship between Economic Democracy and Potential GDP, Economic and Social Research Institute, Seoul (in Korean)
  • 2011 “Estimates of Total Factor Productivity, the Contribution of ICT, and Resource Reallocation Effects in Japan and Korea”, with Kyoji Fukao, Tsutomu Miyagawa and Keun Hee Rhee in Matilde Mas and Robert Stehrer eds. Industrial Productivity in Europe: Growth and Crisis, Edward Elgar Publishing
  • 2011 “International Comparison of Productivity in Market Services; Korea with EU KLEMS Member Countries”, with Hyun Jeong Kim in Matilde Mas and Robert Stehrer eds. Industrial Productivity in Europe: Growth and Crisis, Edward Elgar Publishing
  • 2010 “Green Growth Accounting and Structural Decomposition Analysis”, with Dong Koo Kim and Jae Hwan Park, Journal of Korean Economic Analysis, Vol.16 No. 2, Panel for Korean Economic Analysis and Korea Institute of Finance(in Korean).
  • 2010 “Financial Crisis and Relative Productivity Dynamics in Korea: Evidence from Firm-level Data(1992-2003)”, with Keun Hee Rhee, Journal of Productivity Analysis.
  • 2009 “Global Financial Crisis and the Korean Economy: Issues and Perspectives”, in Korea’s Economy 2009, Korea Economic Institute, Washington D.C.
  • 2009 “A comparative Estimation of Financial Frictions in Japan and Korea”, with Otsu, Keisuke, Seoul Journal of Economics, 22 (1), 95-121
  • 2008 “Multifactor Productivity in Korea and an International Comparison: Data and Productivity Estimates of the Korea Industrial Productivity Database”, Seoul Journal of Economics, Volume 21 Number 4
  • 2008 “Estimates of Labor and Total Factor Productivity by 72 industries in Korea (1970-2003)”, with Keun Hee Rhee and Bongchan Ha, in Productivity Measurement, and Analysis, OECD, Paris
  • 2008 “Korea’s Economic Achievement and Prospects”, in Korea’s Economy 2008, Korea Economic Institute, Washington DC,
  • 2007 “Growth Accounting and Productivity Analysis by 33 Industrial Sectors in Korea (1984-2002)”, in D.Jorgenson, M.Kuroda and K.Motohashi, eds. Productivity in Asia-Economic Growth and Competitiveness, Edward Elgar Publishing, Oct 2007(coauthored with Keun Hee Rhee and Bongchan Ha).
  • 2007 “A Test of Separability and Random Effects in Production Function with Decomposed IT Capital”, Hitotsubashi Journal of Economics 48 (2007), pp. 67-81 (Co-authored with Bongchan Ha)
  • 2007 “Free Trade Agreements between Korea and US: Issues and Perspectives”, FTA in East Asia Final Reports, Institute of Developing Economies (IDE-JETRO), Japan
  • 2007 “Summary and Forecasting Report on Korean Economy”, PAIR Economic Forecasting Report No.16, Institute of Developing Economies (IDE-JETRO), Japan
  • 2007 “Productivity Growth and Pattern of Efficiency Changes in Korean Economy: Stochastic Frontier Approach with Industry-Panel Data” with Young Hoon Lee, Seoul Journal of Economics, Vol.20 No.1, Seoul National University Press
  • 2006 “Investment Stagnation in East Asia and Policy Implications for Sustainable Growth”, Korea Institute for International Economic Policy (KIEP)
  • 2006 “Estimates of Labor and Total Factor Productivity by 72 industries in Korea(1970-2003)”, with Keun Hee Rhee and Bongchan Ha, Korea Institute for International Economic Policy (KIEP)
  • 2006 “Estimates of Labor and Total Factor Productivity by 72 industries in Korea(1970-2003)”, with Keun Hee Rhee and Bongchan Ha, Bank of Korea
  • 2005 “Sources of Industrial Growth and Productivity Estimates in Korea(1984~2002)” with Journal of Korean Economic Analysis, Vol.11 No. 1, Panel for Korean Economic Analysis and Korea Institute of Finance.
  • 2005 “An Episode of Rapid Productivity Convergence and Stagnation: Korea (1954-2002)”, Project Report to UNIDO, Productivity in 17 Developing Countries: The Republic of Korea Case Study.
  • 2005 “Productivity Convergence and Investment Stagnation in East Asia”, Seminar Paper for Center for the International Research on the Japanese Economy (CIRJE), Faculty of Economics ,University of Tokyo.
  • 2004 “Interdependency in East Asia and the Post-Crisis Macroeconomic Adjustment in Korea " Seoul Journal of Economics Vol. 17 , No.1,
  • 2003 “Establishing the 3G Network Strategies for the KTF”, KTF Project Report as the Principal Investigator.
  • 2003 “Estimates of Capital Stock by Types of Assets and Industries (1953-2000)”, Journal of Korean Economic Analysis, Vol.8 No. 3, Panel for Korean Economic Analysis and Korea Institute of Finance (in Korean).
  • 2002 “Network Economic Model and Demand for Mobile Telecommunications in Korea” with Hyungtaik Ahn and Suk-Gwon Chang, Institute of Economic Research, Seoul National University.  
  • 2001 “Economic Growth in Korea (1911-1999): A Long-term Trend and Perspective”, Seoul Journal of Economics, Vol.14 No. 1, Seoul National University Press
  • 2000 “Excess Competition, Moral Hazard, and Industrial Trauma in Korea(1997-1998)”, The Aftermath of the Asian Crisis, edited by U. Dadush, D.Dasgupta, and M. Uzan, Edward Elgar Publishing
  • 1999 “The Financial Crisis in South Korea: Anatomy and Policy Imperatives”, in Karl Jackson ed. Asian Contagion: The Causes and Consequences of a Financial Crisis, Westview Press, Boulder
  • 1996 “Foreign Import Restrictions, WTO Commitments, and Welfare Effects: The Case of Republic of Korea”, Asian Development Review, Vol.14 No.2, Asian Development Bank (co-authored with K. Kim and I. Cheong)
  • 1996 October "Sustainability of Export Growth in East and Southeast Asia", Invited Paper at the Ninth Workshop on Asian Economic Outlook, Asian Development Bank, Manila, Philippines
  • 1996 March "The East Asian Miracle or Myth: A Reconciliation between the Conventional View and the Contrarian Proposition", Economic Bulletin, Ministry of Finance and Economy, Republic of Korea and Korea Development Institute, Seoul.
  • 1996 "Summary and Forecasting Report on Korean Economy", in M. Toida and D. Hiratsuka eds. 1996 Economic Forecasts for Asian Industrializing Region,  Institute of Developing Economies, Tokyo.
  • 1995 "A Time-Series Test of the Endogenous Growth Model with Human Capital", in Takatoshi Ito and Anne O. Krueger eds. Growth Theories in Light of the East Asian Experience, NBER-East Asia Seminar on Economics, Volume 4, The University of Chicago Press.
  • 1993 Winter,"The Transition in the Political Economy of South Korean Development", Journal of Northeast Asian Studies, Transaction Periodical Consortium.
  • 1993 Sources of Industrial Growth and Productivity Estimates in Korea(1970-1990), Korea Economic Research Institute, Seoul (co-authored in Korean).
  • 1993 Terms of Trade Effects and the Effects of Capital Market Liberalization, Korea International Economic Policy Institute,  Seoul (co-authored with Kwon Ho-young in Korean).
  • 1990 "Export-Led Growth, Domestic Distortions and Trade Liberalization: The Korean Experience During the 1980s," Journal of Asian Economics, Vol.1, No.2, JAI Press.
  • 1988 A Study on the Development of Telecommunication Industry in Korea, Korea Telecommunication Policy Institute, (co-authored with B. H. Lee)