KIEP Working Paper

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  • A New Measure of Inter-industry Distance and Its Application to the U.S. Regional Growth 

    Joon, YOON Yeo; Jung, WHANG Un (Korea Institute for International Economic Policy, 2016-12-30)
    We propose a new measure of inter-industry ‘distance’. This is constructed à la Antras et al. (2012). While they measure the distance of an industry from its final use – what they call ‘downstreamness’ of an industry – we measure the distance between ...
  • Government Spending Policy Uncertainty and Economic Activity: U.S. Time Series Evidence 

    Wongi, KIM (Korea Institute for International Economic Policy, 2016-12-16)
    What are the macroeconomic consequences of fiscal policy uncertainty? Recently, many economists and policy makers are concerned about the adverse effects that uncertainty in fiscal policy has on economic activity. In the U.S., for example, the debt-ceiling ...
  • Comparative Advantage of Value Added in Exports: The Role of Offshoring and Transaction Costs 

    Nakgyoon, CHOI; Soonchan, PARK (Korea Institute for International Economic Policy, 2016-10-10)
    This study tests whether Ricardian comparative advantage is valid for value added in exports that does not include intermediate inputs imported from vari- ous industries in a number of countries. Using a panel data on valued added contents of bilateral ...
  • The Effect of Exchange Rate Volatility on Productivity of Korean Manufacturing Plants: Market Average Rate Regime vs Free Floating 

    Bo-Young, CHOI; Hyun, PYUN Ju (Korea Institute for International Economic Policy, 2016-10-10)
    This study examines how exchange rate volatility can influence total factor productivity (TFP) invarious dimensions. Using Korean manufacturing plant-level data for 1990-2007, we first compare and contrast the effects of exchange rate volatility on ...

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