Korea's trade, growth of trade and the world economy in post-crisis ASEAN+3 free trade agreement: An econometric and policy analysis
Tran, Van Hoa (2004) Korea's trade, growth of trade and the world economy in post-crisis ASEAN+3 free trade agreement: An econometric and policy analysis. Journal of Korean Economy, 5 (2). pp. 73-108. ISSN 1598-2750Full text for this resource is not available from the Research Repository.
The Korean economy had achieved economic ‘miracles’ in the past, but it currently faces many challenges, economically and politically (Tran Van Hoa, 2002), compounded by a global economic slowdown with hesitant recovery (IMF, 2004), terrorist attacks, regional wars, the SARS and avian flu outbreaks in Asia, and domestic and global uncertainty ahead. The paper introduces the extended gravity theory to construct a simple flexible simultaneous-equation econometric model of Korea trade and growth with its major trading partners, and provides efficient empirical results on its trade-growth causality and trade determination over the past two decades. Based on these findings, economic policy challenges are then targeted for study and solution development.
|Uncontrolled Keywords:||ResPubID12529, new Asian regionalism, Free Trade Agreement, extended gravity theory, modelling economic and trade policy|
|Subjects:||Faculty/School/Research Centre/Department > Centre for Strategic Economic Studies (CSES)
FOR Classification > 1401 Economic Theory
|Date Deposited:||28 Mar 2012 02:32|
|Last Modified:||28 Mar 2012 02:32|
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