Determinants of Korean Trade Flows and Their Geographical Destination

47 Pages Posted: 15 Feb 2006

See all articles by Lorenzo Giorgianni

Lorenzo Giorgianni

International Monetary Fund (IMF)

Gian Maria Milesi-Ferretti

International Monetary Fund (IMF); National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

Date Written: April 1997

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.

Keywords: Korea, trade elasticities, direction of exports

JEL Classification: F11, F14, F31, F32

Suggested Citation

Giorgianni, Lorenzo and Milesi-Ferretti, Gian Maria, Determinants of Korean Trade Flows and Their Geographical Destination (April 1997). IMF Working Paper, Vol. , pp. 1-47, 1997. Available at SSRN: https://ssrn.com/abstract=882315

Lorenzo Giorgianni (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Asia and Pacific Department
Washington, DC 20431
United States
202-623-5326 (Phone)

Gian Maria Milesi-Ferretti

International Monetary Fund (IMF) ( email )

700 19th Street NW
Room 9-700
Washington, DC 20431
United States
202-623-7441 (Phone)
202-589-7441 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Centre for Economic Policy Research (CEPR)

London
United Kingdom

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