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Discussion Paper Details

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Title: Determinants of Korean Trade Flows and their Geographical Destination

Author(s): Lorenzo Giorgianni and Gian Maria Milesi-Ferretti

Publication Date: October 1997

Keyword(s): Direction of Exports, Exports, Imports, Korea and Trade Elasticities

Programme Area(s): International Macroeconomics

Abstract: This paper investigates the behaviour 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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Bibliographic Reference

Giorgianni, L and Milesi-Ferretti, G. 1997. 'Determinants of Korean Trade Flows and their Geographical Destination'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=1703