TY - JOUR
T1 - Cyclical factors in import demand behavior
T2 - The Korean experience
AU - Mah, Jai Sheen
PY - 1997/6
Y1 - 1997/6
N2 - The present paper employs detrending method with a structural break in analyzing the import demand behavior of Korea, All concerned variables are revealed to be trend stationary. Since the import liberalization policy in the early 1980s appears to be effective, we look at the effect of cyclical factors in determining cyclical import demand in the period of post-import liberalization. According to the estimation results, two things are noteworthy: First, exchange rate policies are invalid in changing Korean import, and, second, comparing the trade balance of Korea with that of United States, the latter is more likely to record deficits.
AB - The present paper employs detrending method with a structural break in analyzing the import demand behavior of Korea, All concerned variables are revealed to be trend stationary. Since the import liberalization policy in the early 1980s appears to be effective, we look at the effect of cyclical factors in determining cyclical import demand in the period of post-import liberalization. According to the estimation results, two things are noteworthy: First, exchange rate policies are invalid in changing Korean import, and, second, comparing the trade balance of Korea with that of United States, the latter is more likely to record deficits.
UR - http://www.scopus.com/inward/record.url?scp=0031161464&partnerID=8YFLogxK
U2 - 10.1016/s0161-8938(96)00055-5
DO - 10.1016/s0161-8938(96)00055-5
M3 - Article
AN - SCOPUS:0031161464
SN - 0161-8938
VL - 19
SP - 323
EP - 331
JO - Journal of Policy Modeling
JF - Journal of Policy Modeling
IS - 3
ER -