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한국경제의 상품 다양성의 증가(Variety growth in Korean economy) : 수요 측면의 접근을 중심으로

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Title 한국경제의 상품 다양성의 증가(Variety growth in Korean economy)
Similar Titles
Sub Title

수요 측면의 접근을 중심으로

Material Type Reports
Author(Korean)

오지윤

Publisher

세종특별자치시:한국개발연구원

Date 2013-12
Series Title; No 정책연구시리즈 / 2013-18
ISBN 978-89-8063-892-5 (93320)
Pages 49
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Documents
Original Format pdf
Subject Economy < Macroeconomics
Industry and Technology < General
Holding KDI; KDI School

Abstract

According to the growth theory, increase in product variety is an indicator of innovation. As technology advances, intermediate goods or consumer products become more diverse which is closely linked to economic growth. Despite its theoretical importance, there has only been a limited number of empirical analysis of product variety. This study attempts to empirically measure consumer product variety in Korea. There have been a number of studies in Korea, albeit few, that analyzed the increase in import and export goods variety in Korea, but fell short of embracing the whole economy as they lacked the representativeness. In measuring product variety, this study takes advantage of the microdata from the Household Income and Expenditure Survey which is the basis for Consumer Price Index (CPI) consumption baskets. Considering the high volumes of imports and exports in the Korean economy, consumer goods are categorized into tradable and non-tradable goods which are then analyzed separately. (The rest omitted)