Imperial Policy or World Price Shocks? Explaining Interwar Korean Consumption Trend
研究日本殖民时期朝鲜人均粮食消费下降的原因，通过动态一般均衡模型模拟发现，税收用于公共投资反而提高了消费，但健康运动引发的人口爆炸和农业萧条导致消费下降。
Japan vigorously enforced wide-ranging developmental policies in colonial Korea, including a “green revolution” and an industrialization drive. Why did then colonial per capita food availability decline? Simulations using a dynamic general equilibrium model indicate that tax raises, which financed expanding public investment, did not lower, but raised consumption levels over time by accelerating accumulation. Food consumption fell because these policy efforts were inadequate to defeat population explosion initiated by a health campaign. The interwar agricultural depression exacerbated this Malthusian situation. Nevertheless, interwar Korean consumption trend compares favorably with most other rice producers, where the level of government intervention appeared suboptimal.