Republic of Korea: Selected Issues

February 12, 2002

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Format: Chicago

Republic of Korea: Selected Issues, (USA: International Monetary Fund, 2002) accessed December 22, 2024

Summary

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.

Subject: Banking, Business cycles, Economic growth, Financial institutions, Financial markets, Industrial production, National accounts, Production, Real exports, Stock markets, Stocks

Keywords: Business cycle, Business cycles, Company, Contraction, CR, Europe, Export cycle, Global, Industrial production, Industrial production, Insolvency regime, ISCR, Labor productivity growth, Optimization model, Overtime pay, Real exports, Stock markets, Stocks

Publication Details

Pages:

122
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/020
Stock No:

1KOREA0012002
ISBN:

9781451822069
ISSN:

1934-7685

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