Trade in Intermediate Goods: Implications for Productivity and Welfare in Korea
Gui, Kim Young; Hak, Pyo | December 2016
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.
CitationGui, 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.
Regional Economic Integration
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