KIEP Working Paper


  • Sources of Comparative Advantage in Services: Institution vs. Social Capital 

    Choi, Nakgyoon; Park, Soonchan (Korea Institute for International Economic Policy, 2018-12-14)
    Previous studies that have identified the impacts of institutions or cultural traits on comparative advantage focused on goods trade, but not services trade. In contrast to the rapid increase in trade in services, empirical examination on sources of ...
  • A Study on the Dynamics of Foreign Trade and the Issues of Regional Economic Integration in Central Asia 

    Umarkulov, Kodirjon Maxamadaminovich (Korea Institute for International Economic Policy, 2018-11-12)
    At the current stage of globalization, Central Asia (CA) is becoming a focal point for the political and economic interests of global forces because of its rich natural resources and critical strategic position. From this point of view, the CA countries ...
  • A Quantitative Trade Model with Unemployment 

    Lee, Kyu Yub (Korea Institute for International Economic Policy, 2018-10-15)
    This paper emphasizes the role of labor market frictions, which is largely neglected in quantitative trade models that usually assume full-employment. Labor market frictions can contribute to a source of comparative advantage, thus affecting trade ...
  • Exchange Rates and Firm Exports: The Role of Foreign Ownership and Subsidiaries 

    Choi, Hyelin; Kim, Hyo Sang (Korea Institute for International Economic Policy, 2018-10-10)
    This paper examines the role of global production linkages on exchange rate elasticities by using Korean firm-level data. At firm-level, foreign-owned firms or firms with foreign subsidiaries participated in the Global Value Chains (GVC) play an important ...

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