DP1703 Determinants of Korean Trade Flows and their Geographical Destination

Author(s): Lorenzo Giorgianni, Gian Maria Milesi-Ferretti
Publication Date: October 1997
Keyword(s): Direction of Exports, Exports, Imports, Korea, Trade Elasticities
JEL(s): F11, F14, F31, F32
Programme Areas: International Macroeconomics
Link to this Page: cepr.org/active/publications/discussion_papers/dp.php?dpno=1703

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.