Publications
Detailed Information
Structural Change in the Trend and Cycle in Korea
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Lee, Nam Gang | - |
dc.contributor.author | Seok, Byoung Hoon | - |
dc.date.accessioned | 2020-03-13T10:19:52Z | - |
dc.date.available | 2020-03-13T10:19:52Z | - |
dc.date.issued | 2020 | - |
dc.identifier.citation | Seoul Journal of Economics, Vol.33 No.1, pp. 19-42 | ko_KR |
dc.identifier.issn | 1225-0279 | - |
dc.identifier.uri | https://hdl.handle.net/10371/164536 | - |
dc.description.abstract | On the basis of regression of consumption on output, we develop a new approach to identify a structural break in business cycles. Using this approach, we find that a structural change in the trend and cycle in Korea occurred in 1993 and that the business cycles in Korea started to show the regularities of emerging market business cycles beginning in 1993. To explain these, we estimate the parameters of the productivity process in Korea, using data on Solow residuals. Our estimates show that the relative importance of trend growth shocks in the post-break period increased by a factor of 2.56 from that in the pre-break period. | ko_KR |
dc.language.iso | en | ko_KR |
dc.publisher | Institute of Economic Research, Seoul National University | ko_KR |
dc.subject | Structural change | - |
dc.subject | Consumption volatility | - |
dc.subject | Trend growth shocks | - |
dc.title | Structural Change in the Trend and Cycle in Korea | ko_KR |
dc.type | SNU Journal | ko_KR |
dc.contributor.AlternativeAuthor | 이남강 | - |
dc.contributor.AlternativeAuthor | 석병훈 | - |
dc.citation.journaltitle | Seoul Journal of Economics | ko_KR |
dc.citation.endpage | 42 | ko_KR |
dc.citation.number | 1 | ko_KR |
dc.citation.startpage | 19 | ko_KR |
dc.citation.volume | 33 | ko_KR |
- Appears in Collections:
- Files in This Item:
Item View & Download Count
Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.