Trade Linkages and International Business Cycle Comovement Evidence from Korean Industry Data is popular PDF and ePub book, written by Dongyeol Lee in 2019-05-24, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Trade Linkages and International Business Cycle Comovement Evidence from Korean Industry Data can be Read Online from any device for your convenience.
Trade Linkages and International Business Cycle Comovement Evidence from Korean Industry Data Book PDF Summary
Through the 2000s, Korea’s export and import linkages to advanced and emerging markets increased significantly. At the same time, the correlation of output growth between Korea and these economies rose. This paper investigates the nature of the link between trade linkages and the comovement of international business cycles (BC) using Korean industry-level domestic and international input-output data. The results suggest that, at the industry-level, higher export linkages lead to a larger positive GDP growth comovement, while higher import linkages lead to higher negative employment growth comovement. Furthermore, the decomposition of aggregate BC comovement shows that the increase in trade with China has contributed the most to aggregate BC comovement, while the impact of trade linkages on BC comovement is propagated domestically via vertical linkages. These findings suggest that the Korean economy can be significantly affected by a few countries that are highly linked through trade to Korea and/or a few industries that are highly interconnected to other industries.
Detail Book of Trade Linkages and International Business Cycle Comovement Evidence from Korean Industry Data PDF
- Author : Dongyeol Lee
- Release : 24 May 2019
- Publisher : International Monetary Fund
- ISBN : 9781498317238
- Genre : Business & Economics
- Total Page : 25 pages
- Language : English
- PDF File Size : 9,9 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book Trade Linkages and International Business Cycle Comovement Evidence from Korean Industry Data by Dongyeol Lee, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.