Policy Analyses
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Policy Analyses
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An Output Perspective on a Northeast Asia Currency Union
The prospect of creating a currency union consisting of China, Japan, and Korea is evaluated using output data. After a brief discussion on the interactions between the three countries, the study investigates whether these three c..
Yin-Wong Cheung Date 2004.12.25
Exchange rateDownloadContentSummaryThe prospect of creating a currency union consisting of China, Japan, and Korea is evaluated using output data. After a brief discussion on the interactions between the three countries, the study investigates whether these three countries have common synchronous business cycles, which are perceived as one of the preconditions of a currency union. Then, we assess the potential costs of giving up monetary policy autonomy to form a currency union. It is found that the three national output series tend to move together in the long run and share common business cycles. While the output loss estimates depend on assumptions used to generate shocks, they tend to be small. However, there are potential conflicts between these countries on the choice of the policy target of the common monetary authorities. -
An Analysis of Economic Efficiency in the European Economy in the light of its Macroeconomic Performances
Examining the causes and consequences of the European capitalist society would be helpful in understanding the past poor performance of the European economy. Especially, we investigate the macroeconomic performances of Europe and ..
Sangyong Joo et al. Date 2004.12.25
DownloadContentExecutive Summary
I. Introduction
II. economic growth and unemployment in Europe
1. economic growth
2. unemployment
III. economic institution in Europe: labor, finance and market regulation
1. flexiblity in labor market: regulation and institution related to labor
2. financial development and financial structure
3. market regulation
IV. relationship between economic structure and growth
V. productivity
1. trend
2. cause of productivity gap
VI. other characteristics of the European economy
VII. conclusion and implications결론 및 시사점
referencesSummaryExamining the causes and consequences of the European capitalist society would be helpful in understanding the past poor performance of the European economy. Especially, we investigate the macroeconomic performances of Europe and itsfuture prospects. (The rest is omitted.) -
Economic Effects of the WTO Sectorial Tariff Elimination Negotiations on the Korean Economy and Korea's Negotiation Strategies
In the 'July Decision' WTO members took decisions on the following key issues to ensure continued progress in the non-agricultural market access (NAMA) negotiations: (i) tariff reduction modality and (ii) sectorial tariff eliminat..
Nakgyoon Choi Date 2004.12.25
Trade policyDownloadContentSummaryIn the 'July Decision' WTO members took decisions on the following key issues to ensure continued progress in the non-agricultural market access (NAMA) negotiations: (i) tariff reduction modality and (ii) sectorial tariff elimination. Specifically, WTO members recognized that a sectorial component is an integral element to achieving the NAMA negotiation objectives. In 2005, the NAMA Negotiating Group will be expected to pursue discussions on such component with a view to defining product coverage and participation.
Currently, the four documents regarding sectorial tariff elimination, including the draft proposal by the chairperson of NAMA Negotiating Group and three official proposals by the US, Japan, and Canada, were circulated to the NAMA delegations. Further proposal submissions will be expected before the Hong Kong Ministerial Conference that is to be held in December of 2005.
This study analyzes the economic effects of the sectorial tariff elimination negotiations on Korean industries based on two industry coverages: (i) all Korean manufacturing sectors and (ii) 31 sectors suggested by the above-mentioned four documents.
In order to capture the macroeconomic as well as industry-specific effects, this study employs the following methodologies: First, it investigates the international tariff and trade structures, calculating the trade specialization index to measure Korean industrial competitiveness. Second, it applies the Computable General Equilibrium (CGE) methodology using the GTAP database to analyze the macroeconomic effects. Third, it studies the impacts of the tariff elimination on the export and import values based on the elasticity analysis approach. Fourth, it investigates the industrial forward as well as backward linkage effects using the 2000 Korean Input-Output Table. Fifth, the field survey reveals the qualitative aspects of the firm-level evaluations on tariff elimination.
The statistical analysis and field survey provide the following three industry categories according to the Korean industries' positions to the tariff elimination negotiations. The first category is the sectors that need to actively participate in the tariff elimination negotiations because they have competitive advantage in the global market. This group of Korean sectors will have to participate in the negotiations even in cases where a part of the WTO members will be involved. The second category is the sectors that need to conditionally participate in the negotiation. Namely, such group of Korean industries is advised to participate in the negotiations only if more than 80 to 90 percent of the WTO members will be involved. On top of this, the longer period of tariff elimination need to be allowed to this category. The third category is the sectors that would better reject the participation because the negative impacts due to the shrinking market share are expected.
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Country-Specific Factors and the Pattern of Intra-Industry Trade in China's Manufacturing
Over the past few decades there have been extensive empirical and theoretical studies of the determination of intra-industry trade (IIT), but mostly for the industrialized countries. This paper aims to assess the trends and patter..
Zhaoyong ZHANG Date 2004.12.25
Trade structureDownloadContentI. Introduction
II. The Theoretical Framework
III. Data
IV. The Results
1. The Distribution of IIT
2. The Estimation Results
V. Conclusions
References
AppendixSummaryOver the past few decades there have been extensive empirical and theoretical studies of the determination of intra-industry trade (IIT), but mostly for the industrialized countries. This paper aims to assess the trends and pattern of intra-industry trade and structural adjustment in China's manufacturing associated with its trade liberalization using data spanning from 1989 to 2001. (The rest is omitted.) -
Enhancing Investment Cooperation in Northeast Asia
Although Northeast Asia constitutes one of the core economic regions of the world, it has lagged far behind other major regions such as The EU and North America in terms of economic integration.foreign direct investment (FDI) flow..
Edited by Joon-Kyung Kim et al. Date 2004.12.20
Economic cooperationDownloadContentSummaryAlthough Northeast Asia constitutes one of the core economic regions of the world, it has lagged far behind other major regions such as The EU and North America in terms of economic integration.foreign direct investment (FDI) flows in Northeast Asia as a whole and intraregional FDI still remain relatively low, and in particular, few development projects in the northern parts of Northeast Asia have been materialized. Notwithstanding this fact, there has not yet been any regional talk, at least at the central governmental level, to expand intraregional FDI flows among the Northeast Asian countries. The papers in this volume, the product of a project jointly organized by the Korea Institute for International Economic Policy and the Northeast Asia Economic Forum, attempt to shed new light on the role of intraregional FDI in NEA in promoting economic integration, and to explore the appropriate institutional arrangements that would be best suited for achieving investment cooperation in the NEA region. -
An Analysis on Trade Patterns with Chile after the Korea-Chile FTA
For five months since the implementation of the Korea-Chile FTA, import has recorded $800 million with 89.9% of increase, while export increased by 37.9% recording $290 million. The following trade deficit has amounted up to $510 ..
Jun Gu Kang et al. Date 2004.12.20
Free tradeDownloadContentSummaryFor five months since the implementation of the Korea-Chile FTA, import has recorded $800 million with 89.9% of increase, while export increased by 37.9% recording $290 million. The following trade deficit has amounted up to $510 million, which was a great increase of 140.8% compared with last year. This brought about many doubts about the FTA with Chile. (The rest is omitted.) -
The 5th World Knowledge Forum: Partnership for Renewed Growth (Volume II)
KIEP Date 2004.12.15
Economic development, Economic cooperationDownloadContentStrengthening the Resilience of Asian Economices in the Global Context / Paul E. Atkinson
Challenges for East Asia's Sustained Growth / Lee, Jong-Wha
Growth Strangies, Supply Side Policies and Exchange Rates in a Growing Economy
Knowledge Management at Samsung SDS / Park, June Sung
The limit is Imagination : The Knowledge Management journey at Wipro Technolegies / Raghunath Thali
The Evolution of E-government : The Use Mobile Devices and Wireless Technology to Create Ubiquitous Government Services / Alexander Settles
Towards Ubiquitous Government / Ari-Veikko Anttiolko
U-Government / Arnoud De Meyer
The Knowing-Doing Gap : How Smart Companies Turn Knowledge into Action / Robert I. Sutton
KM At Tata Steel
Knowledge Management at Infosys
SONY Create New Reading Style by Librie, BBeB & Time Book Town
E-land Knowledge Management / Chang, Kwang-Gyu
China Vision and Strategy : Perspectives by Chinese Enterprises / Houqi Zhang
Building Success in the China Marketplace
Exploring Private Equity in Egypt
"Private Equlty in Non-US Markets : An IKED Perspective on the Nordic Development"
The German Economic Selerosis : Cyclical, Structural, Surmountable? / Rolf J. Langhammer
BALANCED DEVELOPMENT AMONG REGIONS : The Italian Experience / Alberto Majocchi
KOREA DEVELOPMENT INSTITUTE WORLD KNOWLEDGE FORUM 13 OCTOBER 2004 EMPLOYMENT POLYCY IN THE UNITED KINGDOM
부록 1. 각 sessionxx별 국ㆍ영문 요약
부록 2. 세계지식포럼 관련기사Summary -
The 5th World Knowledge Forum: Partnership for Renewed Growth (Volume I)
KIEP Date 2004.12.15
Economic development, Economic cooperationDownloadContentThe World Knowledge Forum Bridging the East and the West : Why We Need the Partneship for Renewed Growth
제5회 세계지식포럼 대통령 영상메시지
Partnetship for Renewed Growth : The Honouorable Donald J.Johnston Secretary-Generla Organisation for Economic Co-operation and Development
Mapping Global Issues and Rebuilding Growth Strategy
BULDING A HIGH PERFORMANCE CULTURE / Robert Ball
WOMEN ENTREPRENEURSHIP AND ICT / Laina Raveendran Greene
FREE AND YOUNG : PROGRAMS FOR WOMEN ENTREPRENEURSHIP / Jasmine Yang
IKED-GKP joint panel : Women Entrepreneurship and ICT / Thomas Andersson
The Ethics and Politics of Stem Cell Research / Thomas H. Murray
Realizing The Clinical Potentials Of Immune-Matched Stem Cells, While Preventing Unethical Human Reproductive Cloning / Gerald Schatten
Government Innovation In Korea : The Outcomes and Challenges / Choi, Yann-sik
Government, Business and Civil Society Partnership : Cases of Government Innovation / G. Shabbir Cheema
The Challenges of Collaborative Governance / John D. Donahue
Loyalty Management : One Number You Need to Grow / Fred Reichheld
Outsourcing Practices : Benchmarking the Logistics and EMS Industries / Enver Yu쮋esan
WTO, China, Roles That Public Relations Can Play in Branding / Li Hong
Welcome to China! : "Now tell us who you are and why you are here..."
華商經濟的發展及其互動關係 / 丁楷恩
Thoughts on : Chinese Economies & their Mutually Interacting Relationship / David K. Tse
The Role of Overseas Chinese Entrepreneurs in East Asian Economic Integration / Vincent C. Siew
Globalism and Regionalism / Fukaya, Takeshi
Leading Change : Managing Transformmation : A Collaborative Approach to Achieving and Sustaining High Performance / Thomas H. Cook
LEADING CHANGE : MANAGING TRANSFORMATION
How to Achieve World-Class Universities in Korea / Lee, Ki-Jun
Challenges of Knowledge Revolution for Tertiary Education / Carl Dahlman
Towards the Urban Future : Linking Tomorrow and the Past / Joel Kotkin
Requisites for Future Development of the Korean Financial Services Industry / Hwang, Young-Key
Risk in Financial Services in the 21^st Century / Colin Lawrence
Base II and The Evolution of Risk Management / Pierre Pourquery
Could the Korean Financial Organizations break through the impact from Basel II ?
Implications of Basel II for the Korean Banking Industry / Choi, Gongpil
Basel II Agreement and Strategic Preparedness by Korean Financial Community / Choi, Myung-Ju
Korean Bank Franchise Enhancement Through M&A / David J. Kim
M&A in the Financial Services Sector / Morgan Stanley
ICT for Asian Prosperity / Chin, Daeje
Korea Heading Toward Ubiquitous Society / Chin, DaejeSummary -
Financial Supervision System in the EU: Recent Developments and Assessments
The possibility of systemic risk in the financial market of the European Union (EU) has enhanced with the rapid integration of the financial market and the advent of financial conglomeration. (The rest is omitted.)
Eun Kyung Kim et al. Date 2004.12.05
Financial systemDownloadContentSummaryThe possibility of systemic risk in the financial market of the European Union (EU) has enhanced with the rapid integration of the financial market and the advent of financial conglomeration. (The rest is omitted.) -
Evaluation of NAFTA at Ten: Implications for Korea's FTA Policies
The North American Free Trade Agreement (NAFTA) has recently completed its first decade. As an unusual FTA between industrial countries and a developing country, NAFTA has significant implications for future FTAs across the world...
Won-Ho Kim et al. Date 2004.11.30
Economic integration, Trade policyDownloadContentSummaryThe North American Free Trade Agreement (NAFTA) has recently completed its first decade. As an unusual FTA between industrial countries and a developing country, NAFTA has significant implications for future FTAs across the world. Korea, currently negotiating an FTA with Japan, and aiming at FTAs with U.S. and China, should learn from NAFTA's performance. (The rest is omitted.)
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