"Disagreements persist on whether the Korean and Taiwanese economic miracle is
export-led as advocated by market fundamentalists or investment-led as envisioned by the market interventionists. The Granger causality test has been conducted within the context of a VAR system comprised of exports, investment, imports and GDP. The test results show that the fundamentalists’ version is more compatible with the data than the interventionists’."
The East Asian miracle
Export-led or investment-led?
Seoul:KDI School of Public Policy and Management
|Series Title; No||KDI School Working Paper Series / 08-07|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Economy < General|
|Holding||KDI School of Public Policy and Management|