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Title: |
Capital Accumulation and Trade Policy: The
Case of Korea |
| Author: |
Nam, Chong-Hyun;
Kim, Chang-Jin |
| Author
Affiliation: |
Korea U |
| Source: |
International Economic Journal, Spring 2000, v. 14, no. 1, pp. 111-131 |
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Publication Date: |
Spring 2000 |
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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. |
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