Republic of Korea : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

February 12, 2002

Electronic Access:

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Summary:

This Selected Issues paper focuses on some of the key stylized facts of Korean business and export cycles over 1960–2001, and calculates a chronology for the classical cycle in these series by applying a variant of the Bry and Boschan (1971) cycle-doling algorithm. It highlights that the Korean classical business cycle and exports cycles are extremely asymmetric, as they exhibit long-lived expansions and much shorter-lived contractions. The results also indicate that the probability of ending a contraction or expansion phase in Korean industrial production and Korean real exports is independent of their duration.

Series:

Country Report No. 02/20

Subject(s):

English

Publication Date:

February 12, 2002

ISBN/ISSN:

9781451822069/1934-7685

Stock No:

1KOREA0012002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

122

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