Determinants of Korean Trade Flows and their Geographical Destination [electronic resource] / Gian Milesi-Ferretti.
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TextSeries: IMF Working Papers; Working Paper ; No. 97/54Publication details: Washington, D.C. : International Monetary Fund, 1997Description: 1 online resource (47 p.)ISBN: 1451847475 :ISSN: 1018-5941Subject(s): Direction of Exports | Equation | Equations | Export Prices | Forecasting | Import Demand | Korea | Korea, Republic ofAdditional physical formats: Print Version:: Determinants of Korean Trade Flows and their Geographical DestinationOnline resources: IMF e-Library | IMF Book Store Abstract: This paper investigates the behavior of Korean trade flows during the last three decades and presents estimates of aggregate export and import equations. In particular, it considers different choices for scale and price variables and assesses the relative merits of these alternative specifications in terms of stability and forecasting performance. It also provides an assessment of the drastic change in the geographical destination of Korean exports during the 1990s.
This paper investigates the behavior of Korean trade flows during the last three decades and presents estimates of aggregate export and import equations. In particular, it considers different choices for scale and price variables and assesses the relative merits of these alternative specifications in terms of stability and forecasting performance. It also provides an assessment of the drastic change in the geographical destination of Korean exports during the 1990s.
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