RESEARCH
Working Papers
-
North Korea's Price Management and Commercial Distribution System: Current Status and Reform Tasks
North Korea's commerce system supplies goods such as daily necessities to the public. North Korean workers are paid in cash for their labor according to quality and quantity. Citizens use their salaries to purchase food and goods ..
Date 2004.12.30
North Korean EconomyDownloadContentSummaryNorth Korea's commerce system supplies goods such as daily necessities to the public. North Korean workers are paid in cash for their labor according to quality and quantity. Citizens use their salaries to purchase food and goods at state-run stores at official prices. Formerly, official prices applied to all goods sold to the public. However, in July 2002, the government steeply raised official prices, and changes have followedin many areas. While some changes have been positive, such as greater profit-seeking in economic management and the possibility of earning additional income, other changes have been negative, including public discontent and surging black-market prices caused by supply and demand imbalances. These are the main problems currently faced by North Korea's commerce and distribution sector. (The rest is omitted.) -
Changes in the Beef Market after Import Liberalization: Analysis and Implication
The importing of beef was liberalized through imposing a tariff in 2001 which shifted from a quota since the conclusion of the UR in 1994. With the opening of a beef market, livestock farms and farmers' groups were concerned that ..
Ji Hyun Park Date 2004.12.30
Economic Opening, Free TradeDownloadContentSummaryThe importing of beef was liberalized through imposing a tariff in 2001 which shifted from a quota since the conclusion of the UR in 1994. With the opening of a beef market, livestock farms and farmers' groups were concerned that damages from liberalization would grow serious and their breeding bases would eventually collapse. In other words, they argued that the liberalization of a beef market would result in: 1) the reduction of farmers' income due to the decreasing price of beef; 2) the collapse of a breeding base due to the reduction in production; and 3) the increase in imports and the decrease in the self-sufficiency rate. (The rest is omitted.) -
The Benefits and Challenges of Opening Distribution Service Market: Restructuring the Korean Retail Market
Korea has put considerable efforts in liberalizing its service sector since joining the OECD and restructuring under the IMF. However, the Korean service market is not sufficiently liberalized compared to other developed or develo..
Jun Gu Kang Date 2004.12.30
Economic Opening, Industrial PolicyDownloadContentSummaryKorea has put considerable efforts in liberalizing its service sector since joining the OECD and restructuring under the IMF. However, the Korean service market is not sufficiently liberalized compared to other developed or developing countries, which can lead to a high possibility of shock to the Korean economy in general if there is further liberalization after the DDA negotiation. It might be useful to learn from the case study of successful restructuring in the service sector facing market opening. This paper studies the distribution service in Korea which was substantially liberalized in 1996 while other service sectors were relatively kept intact. (The rest is omitted.) -
An Analysis on the Change in the Industrial Competitiveness of Mexico after its Membership to the NAFTA
Mexico has been accelerating economic reform and liberalization through the NAFTA, which had taken an effect in January 1, 1994, while achieving stable economic growth. Since its membership to the NAFTA, Mexico has experienced a s..
Boo Young Eom et al. Date 2004.12.30
Economic Integration, Free TradeDownloadContentSummaryMexico has been accelerating economic reform and liberalization through the NAFTA, which had taken an effect in January 1, 1994, while achieving stable economic growth. Since its membership to the NAFTA, Mexico has experienced a substantial growth of trade, which became a basis for its continuous economic growth irrespective of its unstable political and economic conditions. (The rest is omitted.) -
Rules of Origin in Free Trade Agreements and Their Implications
The rules of origin (ROO) play a major role in the international trading system and constitute an indispensable component of any discriminatory arrangements. The accelerated proliferation of both preferential agreements and select..
Ho Kyung Bang Date 2004.12.30
Economic Opening, Free TradeDownloadContentSummaryThe rules of origin (ROO) play a major role in the international trading system and constitute an indispensable component of any discriminatory arrangements. The accelerated proliferation of both preferential agreements and selective restrictive measures indicates that the importance of ROO is expected to increase in the coming years. (The rest is omitted.) -
Saving, Investment and International Capital Mobility in East Asia
This project evaluates the degree of international capital mobility in East Asia. In particular, we investigate whether the East Asian countries have fully utilized increased capital mobility in recent years as intended by the ser..
Soyoung Kim et al. Date 2004.12.30
Capital MarketDownloadContent1. Introduction
2. Literature Survey
2.1. Empirical Overview
2.2. Theoretical Overview
3. Data and Empirical Methodology
4. Empirical Results
4.1. Stylized Facts
4.2. Estimation Results
5. Conclusion and Policy ImplicationsSummaryThis project evaluates the degree of international capital mobility in East Asia. In particular, we investigate whether the East Asian countries have fully utilized increased capital mobility in recent years as intended by the series of policies toward financial market liberalization. Among numerous measures that have been used to evaluate the degree of international capital mobility, we use the relationship between saving and investment, in particular, saving-investment correlation. Saving-investment correlation measures how much national investment is financed by foreign capital. Under perfect capital mobility, national saving and national investment should not be correlated as agents look for worldwide investment and saving opportunities regardless of the nationality of capital. Therefore, a high correlation between national saving and investment would imply a low degree of capital mobility. (The rest is omitted.) -
Current Status of promoting Japan-ASEAN FTA and Prospects
The November 5, 2002, Joint Declaration of the Leaders of Japan and ASEAN on JACEP(Japan-ASEAN Close Economic Partnership) was an appreciated initiative in the context of East Asian Integration. It stressed that 'Japan and ASEAN ..
Kyoungdoug Kwon et al. Date 2004.12.30
Trade Policy, Free TradeDownloadContentSummaryThe November 5, 2002, Joint Declaration of the Leaders of Japan and ASEAN on JACEP(Japan-ASEAN Close Economic Partnership) was an appreciated initiative in the context of East Asian Integration. It stressed that 'Japan and ASEAN should be economic partners not only concerned with liberalizing trade and investment but also in comprehensive areas including strengthening cooperation in finance, HRD, IT, SMEs, information technology, and education.' (The rest is omitted.) -
중·동구 주요 EU신규회원국의 적정환율 분석과 EMU 가입에 대한 시사점
Ten new EU member states expect to join the EMU and introduce the euro in the foreseeable future. However, acquiring membership to the EMU requires the capability to conduct good exchange rate policy in the ERM II for at least two..
Heungchong Kim et al. Date 2004.12.30
Economic Integration, Exchange RateDownloadContentSummaryTen new EU member states expect to join the EMU and introduce the euro in the foreseeable future. However, acquiring membership to the EMU requires the capability to conduct good exchange rate policy in the ERM II for at least two years prior to the EMU membership. This is done in order to obtain credibility in monetary policy. Therefore, it would be important to know if their current levels of the exchange rate meet the equilibrium level for the conversion rate, and if the policies and institutional build-up prevailed in the countries could support the stability of the exchange rate in the course of the currency conversion. (The rest is omitted.) -
2004 Annual Report on the Chinese Economy - Rising China and the East Asian Economy
China is rapidly emerging as a global economic player through its continued high economic growth and integration with the world economy after gaining membership in the WTO. The rise of the Chinese economy in the age of globalizati..
KIEP Date 2004.12.30
Economic CooperationDownloadContentSummaryChina is rapidly emerging as a global economic player through its continued high economic growth and integration with the world economy after gaining membership in the WTO. The rise of the Chinese economy in the age of globalization is having a major impact on the economic landscape of East Asia. Each of the East Asian economies has been making efforts to face the China challenge through constructive responses and to transform the current challenge into stimulus for a new stage of economic development. We are also witnessing the emergence of a new wave of economic cooperation in the region amid heightened economic competition that will shape the future path of economic development in East Asia.
『2004 Annual Report on the Chinese Economy』focuses on the special theme of "Rising China and the East Asian Economy", and discusses the impacts and implications of the rise of China on East Asia as a whole and also compare, analyze and discuss the experiences of a number of East Asian economies. It is hoped that this year's annual report helps to understand the challenges and problems facing the East Asian economies, and to help draw future policy implications for the prosperity of the economies of the region. -
Stategies for Promoting FDI Inflows in Services
The purpose of this monograph is to find out strategies for promoting foreign direct investment (FDI, hereafter) inflows into Korea in service industries. The monograph comprises three core chapters. (The rest is omitted.)
Sanghack Lee Date 2004.12.30
DownloadContentSummaryThe purpose of this monograph is to find out strategies for promoting foreign direct investment (FDI, hereafter) inflows into Korea in service industries. The monograph comprises three core chapters. (The rest is omitted.)