콘텐츠 바로가기
로그인
컨텐츠
  • HOME
  • SEARCH
PLUS Text Size MINUS RESET
FACEBOOK TWITTER Linked In

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Trade

Print

The reduced impact of exports on Korea's economic growth : A demand-side approach

Related Document
Frame of Image low, KIET
Sungwook Hong
Research Fellow, KIET
Duyong Kang
Senior Research Fellow, KIET Korea Institute for Industrial Economics and Trade (KIET) Sejong National Research Complex 370 Sicheong-daero, Sejong-si, 30147, Korea Tel : 82-44-287-3114 Fax : 82-44-287-3333 URL : http://www.kiet.re.kr
The Reduced Impact of Exports on Korea’s Economic Growth : A Demand-side Approach
Published on October 18, 2018 in Korea by KIET ⓒ 2018 KIET ISBN 979-11-88964-80-2 93320
Table of Contents
Ⅰ. Introduction................................................................................................ 7 Ⅱ. A Theoretical Discussion of the Export Multiplier Effect.................... 12 Ⅲ. Structural Changes in the Korean Economy and Transition of Behavioral Functions ............................................................................... 18
(1) Economic Slowdowns and Structural Changes ................................. 18 (2) Parametric Changes in the Export Multiplier .................................... 23
Ⅳ. The Dynamic Impact of Exports: a SVAR Analysis ............................... 30
(1) Empirical Model....................................................................... 31 (2) Data and Structural Breaks .......................................................... 33 (3) Empirical Results ...................................................................... 34
Ⅴ. Conclusion................................................................................................. 41
Refe


Full Text
Title The reduced impact of exports on Korea's economic growth
Similar Titles
Sub Title

A demand-side approach

Material Type Reports
Author(English)

Oh, Jong-seok; Hong, Sungwook; Kang, Duyong

Publisher

Sejong : Korea Institute for Industrial Economics and Trade

Date 2018-10
Series Title; No KIET Occasional Paper / 106
ISBN 979-11-88964-80-2 93320
Pages 46
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Holding Korea Institute for Industrial Economics and Trade
License

Abstract

Until recently, Korea has pursued an export-led growth strategy in
which manufacturing exports have played a leading role in the economic
growth of the country. There is no question that this strategy has been
successful, as Korea joined the ranks of the OECD in a comparatively
short period of time. Once one of world’s poorest countries, its GDP per
capita reached almost 29,000 USD by 2017.