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1 juin 2017
- handle: 10670/1.bnrn1u
info:eu-repo/semantics/openAccess
Mots-clés
South Korea VAR industrial policy exports imports FDI growthSujets proches
Economic growth Growth, Economic Development, EconomicCiter ce document
Julen Berasaluce et al., « Economic growth and the external sector: Evidence from Korea, lessons for Mexico », Estudios Económicos (México, D.F.), ID : 10670/1.bnrn1u
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Résumé
: In this paper, we have set up an empirical analysis of the Korean external sector between 1980 and 2015, in order to identify the potential relationships between economic growth, exports, imports and foreign direct investment. We chose to study Korea because is a country that has been taken as a reference of the exportled growth hypothesis in order to justify export-promoting policies in Mexico. The results of our four-variable vector autoregressive model suggest that exports and foreign direct investment are not driving economic growth in Korea. Therefore, one should be cautious about policies that promote such investment and export tools to boost economic growth.