BILATERAL TRADE AND ECONOMIC GROWTH: THE EMPIRICAL EVIDENCE BETWEEN U.S. AND SOUTH KOREA

영문 제목
BILATERAL TRADE AND ECONOMIC GROWTH: THE EMPIRICAL EVIDENCE BETWEEN U.S. AND SOUTH KOREA
저자
강현수
출판년도
2009-06
초록
This paper analyzes the relationships between bilateral trade and economic growth in the U.S. and Korean economies. Using quarterly data from 1990 to 2008, the theoretical procedures utilize Ordinary Least Square (OLS) and Seemingly Unrelated Regression (SUR) models under the static model assumption, an Impulse Response Function (IRF) and Forecast Error Variation Decomposition (FEVD) under the Vector Autoregressive (VAR) model, and Granger causality tests. Empirical results indicate a causal relationship between bilateral export growth and economic growth for the U.S. and Korean economies. The export-led growth (ELG) hypothesis is strongly supported by the results of Granger causality tests on Korean exports.
This paper analyzes the relationships between bilateral trade and economic growth in the U.S. and Korean economies. Using quarterly data from 1990 to 2008, the theoretical procedures utilize Ordinary Least Square (OLS) and Seemingly Unrelated Regression (SUR) models under the static model assumption, an Impulse Response Function (IRF) and Forecast Error Variation Decomposition (FEVD) under the Vector Autoregressive (VAR) model, and Granger causality tests. Empirical results indicate a causal relationship between bilateral export growth and economic growth for the U.S. and Korean economies. The export-led growth (ELG) hypothesis is strongly supported by the results of Granger causality tests on Korean exports.
목차
I. IntroductionII. Review of LiteratureIII. Data and ModelingIV. Empirical ResultsV. ConclusionsAPPENDIX AAPPENDIX BReferences
I. IntroductionII. Review of LiteratureIII. Data and ModelingIV. Empirical ResultsV. ConclusionsAPPENDIX AAPPENDIX BReferences
발행처
한국농촌경제연구원
주제어
export-led growth; bilateral trade; Granger causality; South Korea; United States; export-led growth; bilateral trade; Granger causality; South Korea; United States
발간물 유형
KREI 논문
URI
http://repository.krei.re.kr/handle/2018.oak/19221
Appears in Collections:
학술지 논문 > 농촌경제 / JRD
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