Investment, Exports, and Output in South Korea: A VAR Approach to Growth Empirics
This study examines the time-series behavior of investment, exports, and output in South Korea from 1956 to 1996. Impulse-response analysis and variance decompositions indicate that investment rates and export growth rates have significant short-run effects on the growth rates of per capita output. While there are long-run effects to the levels of per capita output, statistically all growth rate effects disappear within four years. No special role for equipment investment was found. These findings are consistent with the predictions of the Solow growth model. The study found no empirical support for endogenous growth theory. Copyright 2001 by Blackwell Publishing Ltd
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 5 (2001)
Issue (Month): 3 (October)
|Contact details of provider:|| Web page: http://www.blackwellpublishing.com/journal.asp?ref=1363-6669|
|Order Information:||Web: http://www.blackwellpublishing.com/subs.asp?ref=1363-6669|