Policy Analyses
RESEARCH
Policy Analyses
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Regional vs. Global Risk Sharing in East Asia
This paper estimates the degree of risk sharing in 10 East Asian countries within the region and with OECD countries by using cross-country consumption correlation and formal regression analysis. (The rest is omitted.)
Soyoung Kim et al. Date 2004.04.10
Financial Integration, Monetary PolicyDownloadContentSummaryThis paper estimates the degree of risk sharing in 10 East Asian countries within the region and with OECD countries by using cross-country consumption correlation and formal regression analysis. (The rest is omitted.) -
The Macroeconomic Consequences of Terrorism
We perform an empirical investigation of the macroeconomic consequences of international terrorism and interactions with alternative forms of collective violence. Our analysis is based on a rich unbalanced panel data set with annu..
S. Brock Blomberg et al. Date 2004.03.10
Economic DevelopmentDownloadContentSummaryWe perform an empirical investigation of the macroeconomic consequences of international terrorism and interactions with alternative forms of collective violence. Our analysis is based on a rich unbalanced panel data set with annual observations on 177 countries from 1968 to 2000, which brings together information from the Penn World Table dataset, the ITERATE dataset for terrorist events, and datasets of external and internal conflict. We explore these data with cross-sectional and panel growth regression analysis and a structural VAR model. We find that, on average, the incidence of terrorism may have an economically significant negative effect on growth, albeit one that is considerably smaller and less persistent than that associated with either external wars or internal conflict. (The rest is omitted.) -
2003 Studies on a China-Japan-Korea FTA
In November 1999, China, Japan and Korea(CJK) made an official attempt to discuss stronger economic cooperation in Northeast Asia during a trilateral summit meeting in Manila. Three years later, then Chinese Premier Zhu Rongji pro..
Inkyo Cheong et al. Date 2004.02.20
Free TradeDownloadContentSummaryIn November 1999, China, Japan and Korea(CJK) made an official attempt to discuss stronger economic cooperation in Northeast Asia during a trilateral summit meeting in Manila. Three years later, then Chinese Premier Zhu Rongji proposed the study of a trilateral FTA during the summit meeting in Phnom Penh, November 2002. (The rest is omitted.) -
Toward a Transparent and Globalized Economy : An International Conference on the Economic Vision of the Roh Moo-Hyun Administraion
Choong Yong Ahn ed. Date 2003.12.30
Economic OpeningDownloadContentContents
Opening Ceremony
Ahn, Choong Yong :
Donald J. Johnston :
Roh, Moo-hyun :
sessionxx 1 : Economic Policy of the Roh Moo-hyun Administration
Kim, Jin-Pyo :
Daniel Bogler :
Kim, E. Han :
Hubert Neiss :
Peter Stein :
sessionxx 2 : The East Asian Economy : Prosperity and Challenges
Eisuke Sakakibara :
Zhang Yunling :
Bae, Soon-Hoon :
Kim, Kihwan :
Ippei Yamazawa :
sessionxx 3 : The Global Economy and Korea
Cho, Yoon Je :
Ronald McKinnon :
Robert J. Barro :
Wendy K. Dobson :
Park, Yung Chul :
Wanda Tseng :
Closing Ceremony
Ahn, Choong Yong :
Goh, Kun :
Summary -
Corporate Restructuring in Korea: Empirical Evaluation
Since the financial crisis in 1997, several attempts have been made in restructuring the corporate sector in Korea to strengthen the corporate sector as well as financial sector, as the two restructuring tasks are two side of the ..
Choong Yong Ahn et al. Date 2003.12.30
Economic Integration, Industrial StructureDownloadContentSummarySince the financial crisis in 1997, several attempts have been made in restructuring the corporate sector in Korea to strengthen the corporate sector as well as financial sector, as the two restructuring tasks are two side of the same coin. As a result of massive bankruptcies due to the systemic crisis of 1997, both the out-of-court rehabilitation process and court-led bankruptcy procedures needed to change. To handle massive bankruptcies in the short run and resolve systemic inefficiency in the corporate sector, comprehensive reform measures were required. The government implemented numerous reform measures, but three areas in corporate sector reform were emphasized. (The rest is omitted.) -
North Korea Development Report 2002/03
North Korea has been in political and economic straits since the collapse of the socialist bloc in the early 1990s. Several problems remain as obstacles to the recovery of the North Korean economy, including a continued deteriorat..
Date 2003.12.30
Economic Cooperation, North Korean EconomyDownloadContentSummaryNorth Korea has been in political and economic straits since the collapse of the socialist bloc in the early 1990s. Several problems remain as obstacles to the recovery of the North Korean economy, including a continued deterioration in overall production, economic inefficiency, difficultly in foreign relations, and political and military frictions with the outside world. Therefore, North Korea's economic development should be made on the basis of the reform and opening of the economic system and the building of peace on the Korean peninsula through improved relations with neighboring countries. (The rest is omitted.) -
Evaluation and Future Agenda of WTO Investment Issues
There have been discussions on a Multilateral Framework on Investment (MFI) for the seven years since the Working Group on Trade and Investment was established at the WTO in 1997. However, the WTO failed to initiate negotiations f..
Seong-Bong Lee et al. Date 2003.12.30
Multilateral NegotiationsDownloadContentSummaryThere have been discussions on a Multilateral Framework on Investment (MFI) for the seven years since the Working Group on Trade and Investment was established at the WTO in 1997. However, the WTO failed to initiate negotiations for a multilateral framework on investment in the 1999 Seattle, 2001 Doha and 2003 Cancun Ministerial Meetings. Even now, it is difficult to predict developments in discussions in the future. This study investigates some important reasons why the WTO discussions on the MFI have not reached a meaningful consensus.Despite the currently unfavorable circumstances, there is definitely a need for a multilateral investment agreement because the agreement can contribute to a stable and investment-friendly environment in the long run. In particular, long-term stability and predictability are essential for international direct investment. Considering the benefits, the WTO needs to seek ways to consistently pursue an investment agreement in the future. (The rest is omitted.) -
The Present and Prospect of Iraq Reconstruction
The purpose of this paper is to assess the status of the overall postwar reconstruction process and give some thoughts on future prospects for Iraq. More specifically, this paper addresses issues as follows: the reconstruction of ..
Bokyeong Park et al. Date 2003.12.30
Economic DevelopmentDownloadContentSummaryThe purpose of this paper is to assess the status of the overall postwar reconstruction process and give some thoughts on future prospects for Iraq. More specifically, this paper addresses issues as follows: the reconstruction of the political system and the economic system and the restoration of infrastructure as well as the oil industry. (The rest is omitted.) -
Northeast Asian Economic Integration: Prospects for a Northeast Asian FTA
The 1990s witnessed a worldwide boom of Free Trade Agreements (FTAs) in which Northeast Asia lagged far behind other regions. However, recent developments suggest that a new era of regional integration may be dawning in Northeast ..
Yangseon Kim et al. Date 2003.12.27
Economic Integration, Free TradeDownloadContentSummaryThe 1990s witnessed a worldwide boom of Free Trade Agreements (FTAs) in which Northeast Asia lagged far behind other regions. However, recent developments suggest that a new era of regional integration may be dawning in Northeast Asia. This volume is a collection of papers presented at a conference entitled 'Northeast Asian Economic Integration: Prospects for a Northeast Asian FTA,' held August 6-7, 2003 in Honolulu, jointly organized by the Korean Institute for International Economic Policy (KIEP) and the Northeast Asia Economic Forum (NEAEF). Distinguished scholars from around the world and experts from the region provided their views on feasible options and concrete policy measures available to each country toward the realization of a trilateral FTA based on a deep and critical analysis of economic/political constraints and the trade/economic structure of each country. -
Financial Integration and Consumption Risk Sharing in East Asia
This paper estimates the degree of consumption risk sharing and analyzes the channels of consumption risk sharing among the ten East Asian countries. (The rest is omitted.)
Soyoung Kim et al. Date 2003.12.27
Financial Integration, Monetary PolicyDownloadContentSummaryThis paper estimates the degree of consumption risk sharing and analyzes the channels of consumption risk sharing among the ten East Asian countries. (The rest is omitted.)