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Republic of Korea: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper focuses on some of the key stylized facts of Korean business and export cycles over 1960–2001, and calculates a chronology for the classical cycle in these series by applying a variant of the Bry and Boschan (1971) cycle-doling algorithm. It highlights that the Korean classical business cycle and exports cycles are extremely asymmetric, as they exhibit long-lived expansions and much shorter-lived contractions. The results also indicate that the probability of ending a contraction or expansion phase in Korean industrial production and Korean real exports is independent of their duration.

Suggested Citation

  • International Monetary Fund, 2002. "Republic of Korea: Selected Issues," IMF Staff Country Reports 2002/020, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2002/020
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