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Capital Accumulation And Trade Policy:The Case Of Korea

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  • Nam Chong-Hyun
  • Kim Chang-Jin

Abstract

This paper investigates whether there are any systematic links between Domestic savings and export growth in light of the Korean experience, beginning with the early 1960s when trade policy shifted from an inward to outward orientation. The paper also examines how domestic investment might have been affected by the trade reforms. The study reveals that the impressive growth of Korea's domestic savings over the 1960-95 period owes in no small part to the Trade reforms and the subsequent rapid growth of exports. Evidence also Suggests that the long-lasting investment boom experienced by Korea over the 1960-95 period was initiated and maintained to a significant degree by the trade reform of the 1960s and thereafter. [F43, E21].

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal International Economic Journal.

Volume (Year): 14 (2000)
Issue (Month): 1 ()
Pages: 111-131

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Handle: RePEc:taf:intecj:v:14:y:2000:i:1:p:111-131

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  1. Elhanan Helpman & David T. Coe, 1993. "International RandD Spillovers," IMF Working Papers 93/84, International Monetary Fund.
  2. Coe, David T & Helpman, Elhanan & Hoffmaister, Alexander W, 1997. "North-South R&D Spillovers," Economic Journal, Royal Economic Society, vol. 107(440), pages 134-49, January.
  3. Laumas, Prem S, 1982. "Exports and the Propensity to Save," Economic Development and Cultural Change, University of Chicago Press, vol. 30(4), pages 831-41, July.
  4. Anne O. Krueger, 1980. "Trade Policy as an Input to Development," NBER Working Papers 0466, National Bureau of Economic Research, Inc.
  5. Lee, Joong-Koon, 1971. "Exports and the Propensity to Save in L.D.C.s," Economic Journal, Royal Economic Society, vol. 81(322), pages 341-51, June.
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Cited by:
  1. Jong Eun Lee, 2004. "The sequential issue in free trade areas: Policy implication for Korea," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 9(2), pages 165-174.

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