Results 1-6 of 6
Financial Market Integration and Income Inequality
(Korea Institute for International Economic Policy, 2018-07-20)
Over the past decades, financial markets have been integrated across countries while income inequality has increased in most countries. This paper studies the effect of financial market integration on income inequality and investigates whether the ...
Labor Market Flexibility and FDI: Evidence from OECD Countries
(Korea Institute for International Economic Policy, 2016-07-29)
This paper studies the impact of the labor market regulations on the FDI and employment and production of foreign firms for OECD countries. The empirical results reveal that strict labor market discourages initial entry of foreign firms as well as the ...
A Quantitative Trade Model with Unemployment
(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 ...
Push vs. Pull Factors of Capital Flows Revisited: A Cross-country Analysis
(Korea Institute for International Economic Policy, 2019-02-20)
This paper examines the major determinants of net capital inflows. The forty-seven countries used for the empirical analysis are divided into advanced economies (AEs) and emerging market economies (EMEs). These countries are further divided into subgroups ...
The Distribution of Optimal Liquidity for Economic Growth and Stability
(Korea Institute for International Economic Policy, 2015-12-18)
This research paper intends to redefine and extend the concept of ‘optimal liquidity’ discussed in Han and Lee (2012). For this purpose, we have distinguished between liquidity held by households and liquidity held by firms following Levhari and Patinkin ...
Repercussions of Negatively Selective Migration for the Behavior of Non-migrants when Preferences are Social
(Korea Institute for International Economic Policy, 2019-08-09)
We study how the work effort and output of non-migrants in a village economy are affected when a member of the village population migrates. Given that individuals dislike low relative income, and that migration modifies the social space of the non-migrants, ...