NL repository
menu
검색
Library
Browse
Communities & Collections
By Date
Authors
Titles
Subject
My Repository
My Account
Receive email updates
Edit Profile
DSpace at EWHA
사회과학대학
경제학전공
Journal papers
View : 635 Download: 0
Structural change in the trend and cycle in Korea
Title
Structural change in the trend and cycle in Korea
Authors
Lee N.G.
;
Seok B.H.
Ewha Authors
석병훈
SCOPUS Author ID
석병훈
Issue Date
2020
Journal Title
Seoul Journal of Economics
ISSN
1225-0279
Citation
Seoul Journal of Economics, no. 1, pp. 19 - 42
Keywords
Consumption volatility
;
Structural change
;
Trend growth shocks
Publisher
Seoul National University,Institute of Economic Research
Indexed
SCOPUS; KCI
Document Type
Article
Abstract
On the basis of regression of consumption on output, we develop a new approach to identify a structural break in business cycles. Using this approach, we find that a structural change in the trend and cycle in Korea occurred in 1993 and that the business cycles in Korea started to show the regularities of emerging market business cycles beginning in 1993. To explain these, we estimate the parameters of the productivity process in Korea, using data on Solow residuals. Our estimates show that the relative importance of trend growth shocks in the post-break period increased by a factor of 2.56 from that in the pre-break period. © 2020 Seoul National University,Institute of Economic Research.
Appears in Collections:
사회과학대학
>
경제학전공
>
Journal papers
Files in This Item:
There are no files associated with this item.
Export
RIS (EndNote)
XLS (Excel)
XML
Show full item record
Find@EWHA
트윗하기
BROWSE
Communities & Collections
By Date
Authors
Titles
Subject