Research Repository

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 1598-2750

Full text for this resource is not available from the Research Repository.

Abstract

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.

Item Type: Article
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
Depositing User: VUIR
Date Deposited: 28 Mar 2012 02:32
Last Modified: 28 Mar 2012 02:32
URI: http://vuir.vu.edu.au/id/eprint/2669
ePrint Statistics: View download statistics for this item

Repository staff only

View Item View Item

Search Google Scholar