Policy Analyses
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Policy Analyses
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Complementarity of Horizontal and Vertical Multinational Activities
This paper explores the multinational activities of the Japanese automobile industry by focusing on the vertical production structure of a firm. The main objective is to analyze the effects of horizontal multinational activities o..
Sungil Bae et al. Date 2004.05.15
Business management, Overseas direct investmentDownloadContentSummaryThis paper explores the multinational activities of the Japanese automobile industry by focusing on the vertical production structure of a firm. The main objective is to analyze the effects of horizontal multinational activities on vertical multinational activities. (The rest is omitted.) -
Review of the Ten Years of Transformation in South Africa Since 1994
The political transition of power from the regime of the white minority to the black majority 10 years ago in South Africa after a long struggle against apartheid was recorded as a historical event by itself. In the meantime, the ..
Young Ho Park Date 2004.04.20
Economic reformDownloadContentSummaryThe political transition of power from the regime of the white minority to the black majority 10 years ago in South Africa after a long struggle against apartheid was recorded as a historical event by itself. In the meantime, the new democratic government inherited an economy in deep structural crisis, trapped in a low-growth equilibrium and international economic isolation due to the notorious racial discrimination policy of the white minority regime. The apartheid system had caused extreme inequality in the distribution of income and wealth beyond the level expected in a country at South Africa's level of development.
Since 1994, the government has implemented various economic and social policy reform programs to transform the economy, especially focusing on dismantling the legacy of apartheid, which systematically restricted the majority of South Africans from participation in the economy. (The rest is omitted.) -
Monetary Union and Real Convergence Compared: Europe and East Asia
Using the Gross Regional Domestic Product data for 10 East Asian countries, this study shows that East Asia as a whole tends to converge in terms of per capita income. Far stronger evidence in favor of real growth convergence is o..
Heungchong Kim et al. Date 2004.04.15
Financial cooperationDownloadContentSummaryUsing the Gross Regional Domestic Product data for 10 East Asian countries, this study shows that East Asia as a whole tends to converge in terms of per capita income. Far stronger evidence in favor of real growth convergence is observed if Northeast Asia is considered separately, while we cannot find any clear tendency of convergence for ASEAN 5 countries (Indonesia, Malaysia, Singapore, the Philippines and Thailand). This result may reinforce a brighter prospect for furthering economic and monetary integration in Northeast Asia. We can observe there are still relatively wider income disparities among regions and nations in East Asia than within Europe, suggesting that a common effort to reduce the income gap is needed for deeper integration. If income disparity continues between some East Asian countries, it can lead to the isolation of economically depressed regions or countries from a given union, which may then jeopardize the East Asian economic integration process itself. (The rest is omitted.) -
Regional vs. Global Risk Sharing in East Asia
This paper estimates the degree of risk sharing in 10 East Asian countries within the region and with OECD countries by using cross-country consumption correlation and formal regression analysis. (The rest is omitted.)
Soyoung Kim et al. Date 2004.04.10
Financial integration, Monetary policyDownloadContentSummaryThis paper estimates the degree of risk sharing in 10 East Asian countries within the region and with OECD countries by using cross-country consumption correlation and formal regression analysis. (The rest is omitted.) -
The Macroeconomic Consequences of Terrorism
We perform an empirical investigation of the macroeconomic consequences of international terrorism and interactions with alternative forms of collective violence. Our analysis is based on a rich unbalanced panel data set with annu..
S. Brock Blomberg et al. Date 2004.03.10
Economic developmentDownloadContentSummaryWe perform an empirical investigation of the macroeconomic consequences of international terrorism and interactions with alternative forms of collective violence. Our analysis is based on a rich unbalanced panel data set with annual observations on 177 countries from 1968 to 2000, which brings together information from the Penn World Table dataset, the ITERATE dataset for terrorist events, and datasets of external and internal conflict. We explore these data with cross-sectional and panel growth regression analysis and a structural VAR model. We find that, on average, the incidence of terrorism may have an economically significant negative effect on growth, albeit one that is considerably smaller and less persistent than that associated with either external wars or internal conflict. (The rest is omitted.) -
2003 Studies on a China-Japan-Korea FTA
In November 1999, China, Japan and Korea(CJK) made an official attempt to discuss stronger economic cooperation in Northeast Asia during a trilateral summit meeting in Manila. Three years later, then Chinese Premier Zhu Rongji pro..
Inkyo Cheong et al. Date 2004.02.20
Free tradeDownloadContentSummaryIn November 1999, China, Japan and Korea(CJK) made an official attempt to discuss stronger economic cooperation in Northeast Asia during a trilateral summit meeting in Manila. Three years later, then Chinese Premier Zhu Rongji proposed the study of a trilateral FTA during the summit meeting in Phnom Penh, November 2002. (The rest is omitted.) -
Toward a Transparent and Globalized Economy : An International Conference on the Economic Vision of the Roh Moo-Hyun Administraion
Choong Yong Ahn ed. Date 2003.12.30
Economic openingDownloadContentContents
Opening Ceremony
Ahn, Choong Yong :
Donald J. Johnston :
Roh, Moo-hyun :
sessionxx 1 : Economic Policy of the Roh Moo-hyun Administration
Kim, Jin-Pyo :
Daniel Bogler :
Kim, E. Han :
Hubert Neiss :
Peter Stein :
sessionxx 2 : The East Asian Economy : Prosperity and Challenges
Eisuke Sakakibara :
Zhang Yunling :
Bae, Soon-Hoon :
Kim, Kihwan :
Ippei Yamazawa :
sessionxx 3 : The Global Economy and Korea
Cho, Yoon Je :
Ronald McKinnon :
Robert J. Barro :
Wendy K. Dobson :
Park, Yung Chul :
Wanda Tseng :
Closing Ceremony
Ahn, Choong Yong :
Goh, Kun :
Summary -
Corporate Restructuring in Korea: Empirical Evaluation
Since the financial crisis in 1997, several attempts have been made in restructuring the corporate sector in Korea to strengthen the corporate sector as well as financial sector, as the two restructuring tasks are two side of the ..
Choong Yong Ahn et al. Date 2003.12.30
Economic integration, Industrial structureDownloadContentSummarySince the financial crisis in 1997, several attempts have been made in restructuring the corporate sector in Korea to strengthen the corporate sector as well as financial sector, as the two restructuring tasks are two side of the same coin. As a result of massive bankruptcies due to the systemic crisis of 1997, both the out-of-court rehabilitation process and court-led bankruptcy procedures needed to change. To handle massive bankruptcies in the short run and resolve systemic inefficiency in the corporate sector, comprehensive reform measures were required. The government implemented numerous reform measures, but three areas in corporate sector reform were emphasized. (The rest is omitted.) -
North Korea Development Report 2002/03
North Korea has been in political and economic straits since the collapse of the socialist bloc in the early 1990s. Several problems remain as obstacles to the recovery of the North Korean economy, including a continued deteriorat..
Date 2003.12.30
Economic cooperation, North Korean economyDownloadContentSummaryNorth Korea has been in political and economic straits since the collapse of the socialist bloc in the early 1990s. Several problems remain as obstacles to the recovery of the North Korean economy, including a continued deterioration in overall production, economic inefficiency, difficultly in foreign relations, and political and military frictions with the outside world. Therefore, North Korea's economic development should be made on the basis of the reform and opening of the economic system and the building of peace on the Korean peninsula through improved relations with neighboring countries. (The rest is omitted.)