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 ...
  • A Predictive System for International Trade Growth 

    Sora, Chon (Korea Institute for International Economic Policy, 2016-08-10)
    The objective of this paper is to suggest a new predictive system for international trade, based on an unobserved component model. We employ the predictive system developed by P'stor and Stambaugh (2009), which is unlike other conventional predictive ...

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