KIEP Working Paper


  • Determinants of Korean Outward Foreign Direct Investment: How Do Korean Firms Respond to the Labor Costs of Host Countries? 

    Ryu, Hanbyul; Jeong, Young Sik (Korea Institute for International Economic Policy, 2020-09-01)
    Low cost of labor has been one of the major incentives that foreign firms invest in many developing countries. Yet, many developing countries including China and ASEAN have recently experienced a rapid increase in labor costs. Using the wage information ...
  • Defined Contribution Funded Social Security and Labor Supply: Focus on Mexican Social Security Reform in 1997 

    Hong, Sungwoo (Korea Institute for International Economic Policy, 2020-06-28)
    Countries adopting a defined benefit pay-as-you-go (DB PAYG) regime have two options to solve the issue of financial unsustainability: (1) a parametric reform, which alters policies within DB PAYG regime, and (2) a structural reform, which changes the ...
  • Global Financial Imbalance: Firm-level Evidence from Korea 

    Kang, Tae Soo; Kim, Kyunghun; Kim, Yuri (Korea Institute for International Economic Policy, 2020-05-26)
    Since the global financial crisis, low interest rates have continued throughout the world. However, financial imbalance has deepened as much of the expanded investment during low interest rates did not lead to increased productivity. This study focused ...
  • The Effects of US Sectoral Shocks through the World Input-Output Network 

    Han, Minsoo (Korea Institute for International Economic Policy, 2020-03-24)
    In this paper, I estimate the global effects of hypothetical 1% changes in US sectoral productivity. To do that, I formulate a multi-sector Armington trade model with import tariffs, trade in intermediate goods, sectoral heterogeneity, and input-output ...

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