Onaran, Özlem ORCID: https://orcid.org/0000-0002-6345-9922 and Oyvat, Cem ORCID: https://orcid.org/0000-0002-5097-0246 (2025) The effects of public spending in the care and green economies: the case of South Korea. Feminist Economics. ISSN 1354-5701 (Print), 1466-4372 (Online) (In Press)

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Abstract

This article analyzes the impact of public spending in the care economy and the green economy on the employment of men and women and on GDP in South Korea using a vector autoregression model. The care economy includes healthcare, social care, education, and childcare. In analyzing the green economy, we focus on renewable energy, energy efficiency, and public transport. The results show the employment-creation potential of the green and care economies in facilitating a transition to a zero-carbon caring economy. We analyze the gendered employment effects and highlight the importance of a policy mix that ensures that any green transition is gender-equitable and adequately addresses countries’ ecological transition and care needs. The multiplier effects on GDP are positive and above one in both spending categories and larger in the care economy in the medium run.

Item Type:	Article
Uncontrolled Keywords:	care economy, green economy, health, education, public transport, renewable energy, public finance, employment
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HB Economic Theory
Faculty / School / Research Centre / Research Group:	Greenwich Business School Greenwich Business School > Political Economy, Governance, Finance and Accountability (PEGFA) Journal of Economic Literature Classification > Political Economy, Governance, Finance and Accountability (PEGFA) Greenwich Business School > School of Accounting, Finance and Economics
Last Modified:	12 Sep 2025 14:15
URI:	https://gala.gre.ac.uk/id/eprint/51016

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