Hak Pyo

Visiting Scholar, Korea Institute for International Economic Policy (KIEP); Professor Emeritus at the Faculty of Economics, Seoul National University

Hak K. Pyo is currently a Visiting Scholar at the Korea Institute for International Economic Policy (KIEP) and Professor Emeritus, the Faculty of Economics, Seoul National University. He served as a Professor of International Economics and Econometrics at Seoul National University (1981-2013). He earned a B.A. from Seoul National University (1970) and Ph.D. from Clark University (1977).

He also served as a Visiting Professor at the 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 on the Korean economy as a Visiting Professor at the School of International Relations and Pacific Studies, University of California at San Diego during the winter quarters from 2006-2011.

Professor Pyo won the Chung Ram Award in 1988 given by the Korea Economic Association for his study on the estimation of capital stock. He served as President of the Korea Econometric Society in 1997; Director of the Institute for World Economy, Seoul National University in 1996; and President of the Korea International Economic Association in 2009. He also served as a member of the Presidential Commission for Policy Planning (1993-1996). He was Director of the Center for National Competitiveness (CNC), Seoul National University (2002-2013). He also served as Chairman of the Asia KLEMS Committee (2009-2013) and now serves as an Adviser. He served as a Consultant to the Asian Development Bank (1996); World Bank (1997); and the Institute of Developing Economies in Tokyo (1992-1998).

He has 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 “Financial Crisis and Relative Productivity Dynamics in Korea: Evidence from Firm-level Data (1992-2003),” (with Keun Hee Rhee) Journal of Productivity Analysis (2010).

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