Results 1-6 of 6
What Explains Current Account Surplus in Korea?
(Korea Institute for International Economic Policy, 2016-12-16)
Since the currency crisis in 1998, Korea has experienced continuous current account surpluses. Recently the current account surplus increased more rapidly amounting to 7.7% of GDP in 2015. In this paper, we investigate the underlying reasons as to why ...
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 ...
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 ...
A Short-term Export Forecasting Model using Input-Output Tables
(Korea Institute for International Economic Policy, 2016-05-27)
Korea’s export performance has exhibited a remarkable downturn since the end of 2014, declining over the 12 months of 2015 by about eight percent in nominal terms. Conjecturing this to reflect depreciation of the Japanese Yen and, during the second ...
Estimating Regional Matching Efficiency in the Indian Labor Market: State-Level Panel Data for 1999-2013
(Korea Institute for International Economic Policy, 2015-12-30)
We analyze state-level matching efficiency in the Indian labor market using stochastic frontier analysis. The key contribution of this research is the estimation of matching efficiency at the state level because the estimates can be used for a state-level ...