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East Asian Economic Review Announces Winners of 2019 Best Paper of the Year

  • Date2020/11/27
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- KIEP selects Jisong Kim (Professor, University of Suwon) and Nah Youn Lee (Duke University) as first prize winners of the 2019 EAER Best Paper of the Year awards.

  The Korea Institute for International Economic Policy (KIEP) has selected “High-Skilled Inventor Emigration as a Moderator for Increased Innovativeness and Growth in Sending Countries”, authored by Jisong Kim (Professor, University of Suwon) and Nah Youn Lee (Duke University), as the 2019 EAER Best Paper of the Year. The award ceremony was held on 27th November, 2020 at the president’s office of KIEP.

  The paper by Kim and Lee focuses on the effect of high-skilled inventor emigration rate on growth rate of the country of origin. This is a significant issue from both an academic and practical standpoint, and clearly differs from most past studies that analyze the effect on the destination country. The empirical results show that the direct negative impact of the brain drain can be mitigated by the positive feedback effect generated by the high-skilled inventor emigrants abroad. The study undertakes a detailed analysis on the channels of the effects, yielding valuable empirical results.

  The 2019 Best Paper Selection Committee, composed of six members, applied four criteria of excellence for selection: academic contribution, research originality, logical clarity, and policy implications. Following careful deliberation throughout the selection process, the Committee selected Jisong Kim and Nah Youn Lee’s paper for the first prize. Second prizes were awarded to “The Effect of Quantitative Easing on Inflation in Korea” by Min-Ho Nam (Bank of Korea), and “Trade in Developing East Asia: How It Has Changed and Why It Matters” by Constantinescu, Mattoo, and Ruta (World Bank).

  The paper by Nam analyzes the effects of major advanced economies’ quantitative easing on inflation in Korea. The paper is especially interesting in that it focuses on the effects on inflation rate. The paper logically performs an analysis on the channels of transmissions (trade vs. exchange rate channels) and provides important policy implications.

  The paper by Constantinescu, Mattoo, and Ruta provides timely policy suggestions for East Asian economic integration, which is one of the main issues of the EAER, by studying East Asian trade relations and current challenges for East Asian trade. The paper also documents a very interesting finding that East Asian countries expand GVCs despite their shallow economic integration system, which leads to labor-intensive initialization and increases in labor productivity.

  As a quarterly journal published by KIEP, the East Asian Economic Review (EAER) annually selects and announces winners of its Best Paper awards, with the purpose of establishing strong theoretical foundations for policy research and facilitating interdisciplinary research in the field of international economics and regional economic studies.

Appendix: Winners of the EAER Best Paper of the Year (1st - 18th)
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