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What Explains Current Account Surplus in Korea?

Author

Listed:
  • Han Chirok
  • Kwanho Shin

Abstract

The paper says that this idiosyncrasy of Korea’s current account surplus seems to be related to increasing saving propensity of households especially among aged people.

Suggested Citation

  • Han Chirok & Kwanho Shin, 2018. "What Explains Current Account Surplus in Korea?," Working Papers id:12466, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:12466
    Note: Institutional Papers
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    File URL: http://www.esocialsciences.org/Download/repecDownload.aspx?fname=A20182123314_47.pdf&fcategory=Articles&AId=12466&fref=repec
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    References listed on IDEAS

    as
    1. Park, Joon Y. & Shin, Kwanho & Whang, Yoon-Jae, 2010. "A semiparametric cointegrating regression: Investigating the effects of age distributions on consumption and saving," Journal of Econometrics, Elsevier, vol. 157(1), pages 165-178, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Current account surplus; real exchange rate; budget surplus; global imbalances; idiosyncrasy; households; propensity; rigorous; surpluses; global.;
    All these keywords.

    JEL classification:

    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission

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