Determinants of Korean Trade Flows and Their Geographical Destination
47 Pages Posted: 15 Feb 2006
Date Written: April 1997
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
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