CAPITAL ACCUMULATION AND TRADE POLICY: THE CASE OF KOREA

Authors: NAM, CHONG-HYUN; KIM, CHANG-JIN

Source: International Economic Journal, Volume 14, Number 1, Number 1/Spring 2000 , pp. 111-131(21)

Publisher: Routledge, part of the Taylor & Francis Group

Buy & download fulltext article:

Price: $50.43 plus tax (Refund Policy)

Abstract:

This paper investigates whether there are any systematic links between domestic savings and export growth in light of the Korean experience, beginning with the early 1960s when trade policy shifted from an inward to outward orientation. The paper also examines how domestic investment might have been affected by the trade reforms. The study reveals that the impressive growth of Korea's domestic savings over the 1960–95 period owes in no small part to the trade reforms and the subsequent rapid growth of exports. Evidence also suggests that the long-lasting investment boom experienced by Korea over the 1960–95 period was initiated and maintained to a significant degree by the trade reform of the 1960s and thereafter. [F43, E21]

Document Type: Research article

DOI: http://dx.doi.org/10.1080/10168730000080008

Affiliations: 1: Korea University

Publication date: 2000-03-01