콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Trade

Print

The impact of sectoral changes of terms of trade on GDIs in Korean industry : Comparisons with the U.S. and Japan

Related Document
Frame of Image f trade (the ratio of export prices to import prices), represents the amount of imported products that can be exchanged with 1 export unit. Thus, an improvement (deterioration) in the terms of trade increases (decreases) real income and economic welfare of a given country, ceteris paribus. In a small open economy, with a high trade dependency, it may be a p p r o p r i a t e to reflect this kind of change in terms of trade for the measurement of growth and productivity of an industry. This concept which, in addition to real GDP, reflects the real trade gain or loss, following these kinds of changes in terms of trade, is called real GDI (Gross Domestic Income). Discussion on the change in the terms of trade and growth in real GDI has been mainly done on a macroeconomic level, hardly debated in terms of disaggregated industries. But the discussion is also necessary for the scope of disaggregated industries because it can help understand the origins of macroeconomic changes in the terms of trade and real GDI.
1) This paper is a short summation of the following monograph. Young-Seok Oh, Jin-myun L e e , Hujikawa Kiyoshi, A Study on Korea’s Industrial Structure Advancement and Measurement of its Performance in Open Economy(in Korean), KIET Monograph, 2006.
28
KIET Industrial Economic Review
This manuscript estimates and compares the real industrial GDI’s as integrated index of domestic productivity and external terms of trade among Korea, America, and Japan. The second chapter add


Full Text
Title The impact of sectoral changes of terms of trade on GDIs in Korean industry
Similar Titles
Sub Title

Comparisons with the U.S. and Japan

Material Type Reports
Author(English)

Oh, Young-Seok; Lee, Jin-Myun

Publisher

[Seoul]:Korea Institute for Industrial Economics & Trade

Date 2007
Journal Title; Vol./Issue KIET Industrial Economic Review:vol. 12(no. 3)
Pages 14
Subject Country United States(Americas)
Japan(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Holding KIET; KDI School

User Note

Current issues

Resources