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Korea’s export performance : Three empirical essays

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  • Korea’s export performance
  • Kang, Shin-jae
  • Kansas State University


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Title Korea’s export performance
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Sub Title

Three empirical essays

Material Type Reports
Author(English)

Kang, Shin-jae

Publisher

[Manhattan]:Kansas State University

Date 2008
Series Title; No K-state electronic theses, dissertations, and reports
Pages 140
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Economy < Economic Conditions
Holding Kansas State University

Abstract

This dissertation constructs three empirical essays. The first essay illustrates the causality on the relationship between output (GDP) growth and exports. By using the Modified Wald (MWald) test we observe unidirectional causality from exports to GDP. More specifically, for the robustness we use a Vector Error Correction Model (VECM) model and the Generalized Impulse Response Function Analysis (GIRA). The VECM and the GIRA yield bidirectional causality between exports and GDP, which weakly supports the unidirectional result of the to MWald test. Meanwhile, we confirm that there is structure break by using the structural break test. These results are plausible and consistent with the expectations of our study for the Export Led Growth Hypothesis (ELGH). However, compared with previous studies on the ELGH for Korea, our results are different. Other studies show a bidirectional causality relationship but this study only has unidirectional causality. (The rest omitted)