Pub Date : 2013-05-01DOI: 10.23895/KDIJEP.2013.35.2.107
Yun-Yeong kim
{"title":"Is There a Stochastic Non-fundamental Trend in Korean Stock Price?: Inference under Transformed Error Correction Model","authors":"Yun-Yeong kim","doi":"10.23895/KDIJEP.2013.35.2.107","DOIUrl":"https://doi.org/10.23895/KDIJEP.2013.35.2.107","url":null,"abstract":"","PeriodicalId":32627,"journal":{"name":"KDI Journal of Economic Policy","volume":"35 1","pages":"107-132"},"PeriodicalIF":0.0,"publicationDate":"2013-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68935058","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2013-02-01DOI: 10.23895/KDIJEP.2013.35.1.33
이상협
{"title":"Support System over the Lifecycle: A Cross-Country Comparison","authors":"이상협","doi":"10.23895/KDIJEP.2013.35.1.33","DOIUrl":"https://doi.org/10.23895/KDIJEP.2013.35.1.33","url":null,"abstract":"","PeriodicalId":32627,"journal":{"name":"KDI Journal of Economic Policy","volume":"35 1","pages":"33-61"},"PeriodicalIF":0.0,"publicationDate":"2013-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68934933","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2013-02-01DOI: 10.23895/KDIJEP.2013.35.1.1
Park, Jiyoun, 조동호
{"title":"An Analysis of Effectiveness of Economic Sanctions and Inducements and Implications for Policies towards North Korea Based on Theoretical Applications from Prospect Theory","authors":"Park, Jiyoun, 조동호","doi":"10.23895/KDIJEP.2013.35.1.1","DOIUrl":"https://doi.org/10.23895/KDIJEP.2013.35.1.1","url":null,"abstract":"","PeriodicalId":32627,"journal":{"name":"KDI Journal of Economic Policy","volume":"35 1","pages":"1-32"},"PeriodicalIF":0.0,"publicationDate":"2013-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68935385","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2013-02-01DOI: 10.23895/KDIJEP.2013.35.1.137
김정욱
{"title":"Plea Bargaining as a Mean to Maximum Sentence","authors":"김정욱","doi":"10.23895/KDIJEP.2013.35.1.137","DOIUrl":"https://doi.org/10.23895/KDIJEP.2013.35.1.137","url":null,"abstract":"","PeriodicalId":32627,"journal":{"name":"KDI Journal of Economic Policy","volume":"35 1","pages":"137-146"},"PeriodicalIF":0.0,"publicationDate":"2013-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68935403","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2012-11-01DOI: 10.23895/KDIJEP.2012.34.4.27
Kim Seongtae
{"title":"The Effectiveness of Fiscal Policy in Korea during the Global Financial Crisis","authors":"Kim Seongtae","doi":"10.23895/KDIJEP.2012.34.4.27","DOIUrl":"https://doi.org/10.23895/KDIJEP.2012.34.4.27","url":null,"abstract":"","PeriodicalId":32627,"journal":{"name":"KDI Journal of Economic Policy","volume":"34 1","pages":"27-68"},"PeriodicalIF":0.0,"publicationDate":"2012-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68935294","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2012-11-01DOI: 10.23895/KDIJEP.2012.34.4.69
B. Yoo, Kyoosung Jo
{"title":"Countercyclical Capital Buffer and Monetary Policy","authors":"B. Yoo, Kyoosung Jo","doi":"10.23895/KDIJEP.2012.34.4.69","DOIUrl":"https://doi.org/10.23895/KDIJEP.2012.34.4.69","url":null,"abstract":"","PeriodicalId":32627,"journal":{"name":"KDI Journal of Economic Policy","volume":"34 1","pages":"69-90"},"PeriodicalIF":0.0,"publicationDate":"2012-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68935374","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2012-11-01DOI: 10.23895/KDIJEP.2012.34.4.1
김용진
{"title":"Structural Change and Green Growth in Korea, 1980~2020","authors":"김용진","doi":"10.23895/KDIJEP.2012.34.4.1","DOIUrl":"https://doi.org/10.23895/KDIJEP.2012.34.4.1","url":null,"abstract":"","PeriodicalId":32627,"journal":{"name":"KDI Journal of Economic Policy","volume":"39 1","pages":"1-26"},"PeriodicalIF":0.0,"publicationDate":"2012-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68935267","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2012-08-01DOI: 10.23895/kdijep.2012.34.3.187
박창귀
Korea’s national income statistics have been compiled by the Bank of Korea since 1953. However, there is a break in the time series. The current time series (1970 onward) is based on the ‘1993 SNA (System of National Accounts)’ suggested by the UN, and the previous time series (1953~1970) was based on the ‘1953 SNA’. The difference between the previous and current time series is 4.8% in 1970 when the two series overlap. The difference is even greater in terms of comparisons across industries. In addition, it has now become even more difficult to connect the current and the previous time series because, in 2009, the Bank of Korea introduced a chain weighted method for calculating the current time series (1970 onward). Under the chain weighted method, the time series underwent substantial modification; for instance, the economic growth rate during 1970~2005 is 0.9%p higher than the rate under the general method. This paper applies chain weighted values and the ‘1993 SNA’ to the previous time series (1953~1970) by utilizing various national account manuals published by the UN and previous Korean input-output tables in order to calculate a long term time series from 1953 to 2010 based on the same criteria as the current time series (1970 onward). In the revised time series, it appears that 1953 GDP at current basic prices is 3.5% higher and the growth rate for the period of 1953~1970 is 1.5%p higher each year than under the previous time series. Under the revised time series the size of the Korean economy as of 2010 is 50-fold bigger than that of 1953. In terms of industries, manufacturing and SOC show significant expansion whereas the extent of that of the service industry is relatively small. 우리나라 국민소득 통계는 한국은행에 의해 1953년부터 공식적으로 발표되고 있지만 UN이 제시한 매뉴얼인「1993 SNA」에 의해 작성된 1970년 이후의 현행 계열과「1953 SNA」에 의해 작성된 1953∼70년의 구계열로 시계열이 단절되어 있다. 더구나 2009년에 한국은행이 1970년 이후 현행 계열에 연쇄가중법을 도입하면서 고정가중법에 의한 기존의 시계열과 더 큰 차이를 보이게 되었다. 본고에서는 UN이 발표한 각종 국민계정 매뉴얼, 우리나라의 과거 산업연관표 등을 활용하여 1953년부터 1970년까지의 구계열에도 포괄범위를 일치시키고 연쇄가중치를 적용하여 1953년 부터 2010년까지의 장기 시계열을 일관된 기준으로 구해 보았다. 수정 계열은 구계열에 비해 1953년 경상 기초가격 GDP가 3.5% 높아졌고 성장률은 1953∼ 70년 중 평균 1.5%p 상승한 것으로 나타났다. 한편, 수정 계열을 이용하여 지난 60년간의 우리 경제 변화상을 살펴본 결과 경제규모가 50배 이상 커진 것으로 나타났다. 산업별로는 제조업 및 SOC 산업은 크게 확대된 반면 서비스업은 상대적으로 확대 폭이 작았다.
{"title":"Korean National Income Based on a Chain Index: 1953~2010","authors":"박창귀","doi":"10.23895/kdijep.2012.34.3.187","DOIUrl":"https://doi.org/10.23895/kdijep.2012.34.3.187","url":null,"abstract":"Korea’s national income statistics have been compiled by the Bank of Korea since 1953. However, there is a break in the time series. The current time series (1970 onward) is based on the ‘1993 SNA (System of National Accounts)’ suggested by the UN, and the previous time series (1953~1970) was based on the ‘1953 SNA’. The difference between the previous and current time series is 4.8% in 1970 when the two series overlap. The difference is even greater in terms of comparisons across industries. In addition, it has now become even more difficult to connect the current and the previous time series because, in 2009, the Bank of Korea introduced a chain weighted method for calculating the current time series (1970 onward). Under the chain weighted method, the time series underwent substantial modification; for instance, the economic growth rate during 1970~2005 is 0.9%p higher than the rate under the general method. This paper applies chain weighted values and the ‘1993 SNA’ to the previous time series (1953~1970) by utilizing various national account manuals published by the UN and previous Korean input-output tables in order to calculate a long term time series from 1953 to 2010 based on the same criteria as the current time series (1970 onward). In the revised time series, it appears that 1953 GDP at current basic prices is 3.5% higher and the growth rate for the period of 1953~1970 is 1.5%p higher each year than under the previous time series. Under the revised time series the size of the Korean economy as of 2010 is 50-fold bigger than that of 1953. In terms of industries, manufacturing and SOC show significant expansion whereas the extent of that of the service industry is relatively small. 우리나라 국민소득 통계는 한국은행에 의해 1953년부터 공식적으로 발표되고 있지만 UN이 제시한 매뉴얼인「1993 SNA」에 의해 작성된 1970년 이후의 현행 계열과「1953 SNA」에 의해 작성된 1953∼70년의 구계열로 시계열이 단절되어 있다. 더구나 2009년에 한국은행이 1970년 이후 현행 계열에 연쇄가중법을 도입하면서 고정가중법에 의한 기존의 시계열과 더 큰 차이를 보이게 되었다. 본고에서는 UN이 발표한 각종 국민계정 매뉴얼, 우리나라의 과거 산업연관표 등을 활용하여 1953년부터 1970년까지의 구계열에도 포괄범위를 일치시키고 연쇄가중치를 적용하여 1953년 부터 2010년까지의 장기 시계열을 일관된 기준으로 구해 보았다. 수정 계열은 구계열에 비해 1953년 경상 기초가격 GDP가 3.5% 높아졌고 성장률은 1953∼ 70년 중 평균 1.5%p 상승한 것으로 나타났다. 한편, 수정 계열을 이용하여 지난 60년간의 우리 경제 변화상을 살펴본 결과 경제규모가 50배 이상 커진 것으로 나타났다. 산업별로는 제조업 및 SOC 산업은 크게 확대된 반면 서비스업은 상대적으로 확대 폭이 작았다.","PeriodicalId":32627,"journal":{"name":"KDI Journal of Economic Policy","volume":"189 1","pages":"187-214"},"PeriodicalIF":0.0,"publicationDate":"2012-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68935200","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2012-08-01DOI: 10.23895/KDIJEP.2012.34.3.95
Seungwon Yu, Suhee Kim
{"title":"Performance of Korean State-owned Enterprises Following Executive Turnover and Executive Resignation During the Term of Office","authors":"Seungwon Yu, Suhee Kim","doi":"10.23895/KDIJEP.2012.34.3.95","DOIUrl":"https://doi.org/10.23895/KDIJEP.2012.34.3.95","url":null,"abstract":"","PeriodicalId":32627,"journal":{"name":"KDI Journal of Economic Policy","volume":"34 1","pages":"95-131"},"PeriodicalIF":0.0,"publicationDate":"2012-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68935224","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}