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A study on the role of export subsidies in Korea

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  • A study on the role of export subsidies in Korea
  • Heo, Yoon
  • The Korean Economy Association


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Title A study on the role of export subsidies in Korea
Similar Titles
Material Type Reports
Author(English)

Heo, Yoon

Publisher

[Seoul]:The Korean Economy Association

Date 1997
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Economy < Economic Administration
Holding The Korean Economy Association

Abstract

The purpose of this study is to identify the role of export subsidies in economic development using the evidence from Korea. The unrestricted vector autoregression (V AR) model is used to analyze the interactive dynamic behaviors among exports, export subsidies, foreign exchange rates, and outputs in Korea during 1981-1992. The major findings of this study can be summarized as follows: First, export subsidies have positively contributed to the export growth in Korea during 1981-1992. Second, among different types of export subsidies, export facility installation financing (S2) stands out in its positive role for the promotion of exports. Lastly, export subsidies, more specifically export facility installation financing(S2) and long-run export financing(S3), have positively contributed to the growth of industrial production in Korea. (The rest omitted)