Trade in Intermediate Goods: Implications for Productivity and Welfare in Korea
Gui, Kim Young; Hak, Pyo | December 2016
Abstract
Several studies focused on trade in intermediate goods as a key feature of recent global trade. In the case of Korea, about 50% of total exports and 70% of its total imports are intermediate goods trade. This paper contributes to the discussion about the trade in intermediate goods and productivity by revisiting Basu (1995), Jones (2011), and Lee and Pyo (2007) to examine implications of trade in intermediate goods for macroeconomic business cycles and productivity and welfare at the current stage of Korean development.
Citation
Gui, Kim Young; Hak, Pyo. 2016. Trade in Intermediate Goods: Implications for Productivity and Welfare in Korea. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/7015.PDF ISBN
978-89-322-4265-1
Keywords
Economic planning
Economic structure
Growth policy
Trade relations
Trade policy
Economic development
Trade Facilitation
Trade
Economic integration
Regional Economic Integration
Free Trade
Trade Agreements
Trade Policy
Economic Development
Economics
International Economics
Intraregional Trade
Regional economics
Economic forecasting
Economic development projects
Success in business
Business
Free trade
Business
Economics
Communication in economic development
Restraint of trade
International economic integration
Trade blocs
East-West
Foreign trade and employment
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