Results 1-4 of 4
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 ...
Income Distribution and Growth under A Synthesis Model of Endogenous and Neoclassical Growth
(Korea Institute for International Economic Policy, 2015-08-28)
This paper develops a model which allows us to analyze the effect of policies that influence income distribution between capitalists and workers (such as taxes and market imperfections) on the log-run growth path of an economy. More specifically, we ...