Determinants of Korean Trade Flows and their Geographical Destination

Gian Maria Milesi‐Ferretti · Lorenzo Giorgianni

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Global trade and economics Global Trade and Competitiveness Economic and Technological Innovation

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.

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References

1987Co-Integration and Error Correction: Representation, Estimation, and Testing 1988Statistical analysis of cointegration vectors 1993A Simple Estimator of Cointegrating Vectors in Higher Order Integrated Systems 1982Trends and random walks in macroeconmic time series 1991Pitfalls and Opportunities: What Macroeconomists Should Know about Unit Roots 1995Dynamic Econometrics 1969Income and Price Elasticities in World Trade 1986Handbook of international economics

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