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Policy Analyses
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The Outlook for 2006 World Economy
The world economy is evaluated be very flexible when dealing with high-priced oil, natural disasters, and external shocks. A goal for the second and third quarters of 2006 is to have a continuous growth momentum greater than a lon..
Junkyu Lee ed. Date 2005.12.30
Economic outlookDownloadContent1. World Economy
2. Major Countries
3. Exchange Rate
4. Oil Prices
5. Trade and Investment EnvironmentSummaryThe world economy is evaluated be very flexible when dealing with high-priced oil, natural disasters, and external shocks. A goal for the second and third quarters of 2006 is to have a continuous growth momentum greater than a long term trend line. Also, in the second half of 2006, the negative effects of consumption, investment, and real GDP growth are expected to increase because of the rise inworldwide interest rates. (The rest is omitted.) -
Industrial Structural Interdependency in Northeast Asia: An International Input-Output Analytical Approach
When one attempts to put the enhanced economic cooperation among the Northeast Asian countries (NEA) into perspective, it is necessary to understand industrial linkages among the countries concerned. For this purpose, this paper i..
Sumio Kuribayashi Date 2005.12.30
Economic cooperation, North Korean economyDownloadContentExecutive Summary
I. Introduction
II. Compilation of North Korea's 2002 Estimated I-O Table
1. Assumptions
2. Utilization of China's 1981 I-O table
3. Total output, intermediate input, intermediate
demand, final domestic demand, export, import
4. Estimation of input coefficients by RAS
5. Estimation of North Korea's 2002 non-competitive import-type I-O table
III. Compilation of South Korea's 2002 Estimated I-O Table
1. Competitive import-type I-O table
2. Non-competitive import-type I-O table
IV. The Compilation of North Korea Link I-O Table
V. China and Japan
VI. Compilation of Mongolia's 2002 Estimated I-O Table
1. Assumptions
2. Total output, intermediate input, intermediate-final-export-import demand
3. Estimation of Mongolia 2002 non-competitive import-type I-O table
VII. Interdependence among South Korea, North Korea, China, Japan, and Mongolia
VII. Conclusion
References
Appendix 1. Single Sector Model and Simulation of effect of the Japan ODA to
North Korea
Appendix 2. Estimation of RAS is carried out by the following Procedures
SummaryWhen one attempts to put the enhanced economic cooperation among the Northeast Asian countries (NEA) into perspective, it is necessary to understand industrial linkages among the countries concerned. For this purpose, this paper intends to compile a simple NEA (North Korea, South Korea, China, Japan and Mongolia) regional I-O table for 2002. On this basis, this paper attempts to work out basic simulations in order to clarify the structure of dependency of North Korea on the economies in Northeast Asia. -
The Economic Effects of a China-Japan-Korea FTA and Implications for the Korean Economy
This volume summarizes the result of a series of cooperative research on 'The Implications of an FTA between China, Japan and Korea (CJK FTA) for the Korean Economy,' undertaken under the auspices of the National Research Council ..
Chang Jae Lee et al. Date 2005.12.30
Economic cooperation, Trade policyDownloadContent.SummaryThis volume summarizes the result of a series of cooperative research on 'The Implications of an FTA between China, Japan and Korea (CJK FTA) for the Korean Economy,' undertaken under the auspices of the National Research Council for Economics, Humanities and Social Sciences in 2005. (The rest is omitted.) -
China-Japan-Korea FTA: Strategies for Koarea's Manufacturing Sector
China has been integrating its market into the world market, most notably after its accession to the WTO in 2001. Accompanying China's open door policy has been the rapid growth of intra-regional trade between China, Japan and Kor..
Bak-Soo Kim et al. Date 2005.12.30
Economic opening, Trade structureDownloadContent없음.SummaryChina has been integrating its market into the world market, most notably after its accession to the WTO in 2001. Accompanying China's open door policy has been the rapid growth of intra-regional trade between China, Japan and Korea (hereafter CJK). Between 2000 and 2004, the growth rate of Korea's intra-regional trade with China and Japan increased twofold, compared to its trade with the rest of the world. (The rest is omitted.) -
China-Japan-Korea FTA: Effects on and Policy Implications for the Korean Agricultural sector
This study is the third-year result of a three-year series of cooperative research on 'The Implications of an FTA between China, Japan and Korea (CJK FTA): the Agricultural Sector,' undertaken under the auspices of the National Re..
Chang-Soo Lee et al. Date 2005.12.30
Trade policy, Free tradeDownloadContent없음SummaryThis study is the third-year result of a three-year series of cooperative research on 'The Implications of an FTA between China, Japan and Korea (CJK FTA): the Agricultural Sector,' undertaken under the auspices of the National Research Council for Economics, Humanities and Social Sciences. This report analyses the effects of a CJK FTA on the Korean agricultural sector under the framework of the computable general equilibrium (CGE) model, neglected in the second-year report, and looks at policy implications for the Korean economy, including policy strategies and action plans to cope with a CJK FTA. The first report analyzed the agricultural production structure of the three countries and the trade structure between them. The second-year report analyzed the economic impact of an FTA on the agricultural sector, utilizing the analytical framework of the partial equilibrium model, focusing on the specialization effects of an FTA, thus neglecting feedback effects of the macro-economy. (The rest is omitted.) -
Economic Implications of a China-Japan-Koarea FTA in the Service Sector
1. IntroductionServices are widely differing economic product activities distinct from manufacturing, mining and agriculture. The term encompasses a broad range of industries that provide basic economic infrastructure (communicati..
Chang-In Yoon Date 2005.12.30
Trade policy, Free tradeDownloadContent추후 작성Summary1. Introduction
Services are widely differing economic product activities distinct from manufacturing, mining and agriculture. The term encompasses a broad range of industries that provide basic economic infrastructure (communications, transport, distribution, energy-related services, construction, water supply, sanitation and sewerage services, waste collection and disposal), financial infrastructure (banking, insurance, financial markets), business support (advertising, marketing, computer services, professional services), or needed social infrastructure (education, health and social services). (The rest is omitted.) -
The Economic Effects of Korea-U.S. FTA on the Korean Agricultural sector
This study is the first-year product of research on 'The Implications of a Korea-US FTA: the Agricultural Sector,' undertaken under the auspices of the National Research Council for Economics, Humanities and Social Sciences. The f..
Chang-Soo Lee et al. Date 2005.12.30
Trade policy, Free tradeDownloadContent없음SummaryThis study is the first-year product of research on 'The Implications of a Korea-US FTA: the Agricultural Sector,' undertaken under the auspices of the National Research Council for Economics, Humanities and Social Sciences. The focus of this report is the impact of an FTA on the Korean agricultural sector, and subsequent policy implications for the Korean economy. This is done under the framework of the computable general equilibrium (CGE) model, after analyzing the agricultural trade and the competitiveness of agricultural products between the two countries. Agricultural issues that will arise during Korea-U.S. FTA negotiations and Korea's policy strategies and action plans for an FTA will be investigated in detail next year. (The rest is omitted.) -
An Analysis on the Economic Effects of a Korea-EU FTA and Policy Implications on the Korean Economy
This study analyzes the economic feasibility of a Korea-EU FTA and derives policy implications to the Korean Economy. This study addresses the following questions: would the Korea-EU FTA contribute to welfare-improvement of the tw..
Heungchong Kim et al. Date 2005.12.30
Economic integration, Trade policyDownloadContent추후 보완SummaryThis study analyzes the economic feasibility of a Korea-EU FTA and derives policy implications to the Korean Economy. This study addresses the following questions: would the Korea-EU FTA contribute to welfare-improvement of the two parties, and if so, by how much, what kind of bilateral trade issues would emerge during the FTA negotiations, and what kind of policy consideration is necessary before the negotiations start. (The rest is omitted.) -
How to Achieve Bogor Goals: Action Plans and Economic Impacts
The 13th APEC Economic Leaders' Meeting, held in Busan in November 2005, adopted the 'Busan Roadmap to the Bogor Goals.' The Busan Roadmap contains six strategies and specific ways to implement the Bogor goal as follows: support f..
Date 2005.12.30
Economic cooperation, Trade policyDownloadContentSummaryThe 13th APEC Economic Leaders' Meeting, held in Busan in November 2005, adopted the 'Busan Roadmap to the Bogor Goals.' The Busan Roadmap contains six strategies and specific ways to implement the Bogor goal as follows: support for a multilateral trading system, the strengthening of collective and individual actions, the promotion of high-quality FTAs/RTAs, a Busan business agenda, a strategic approach to capacity building, and the pathfinder approach. (The rest is omitted.) -
Korea's Currency Crisis and Regulations on Merchant Banking Corporations
This study investigates the financial regulatory and supervisory system of Korea's Merchant Banking Corporations before the 1997 currency crisis, which is regarded to have played a pivotal role in the deterioration of the country'..
Doo-Yull Choi Date 2005.12.30
Financial crisisDownloadContentExecutive Summary
I. Introduction
II. The Growth of MBCs and Their Business Scope
III. Financial Regulation and Supervision of MBCs
1. Financial Supervisory Framework of Korea
2. Financial Supervision and Examination System of MBCs
3. Entry Regulation of MBCs
4. Regulation and Supervision of MBCs' Capital Adequacy
5. Regulation and Supervision of Credit Concentration and Connected Lending
6. Regulation and Supervision of Foreign Currency Assets Liquidity
7. Regulation and Supervision on the Limit of Investing in Foreign Currency
Securities
8. Other Prudential Regulations
IV. Conclusion
ReferencesSummaryThis study investigates the financial regulatory and supervisory system of Korea's Merchant Banking Corporations before the 1997 currency crisis, which is regarded to have played a pivotal role in the deterioration of the country's financial system. (The rest is omitted.)