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International Linkages of the Korean Economy: Simulations with the Korean Global Model

Peter Boone; Jong-Wha Lee; Jeffrey D. Sachs

Title:
International Linkages of the Korean Economy: Simulations with the Korean Global Model
Author(s):
Boone, Peter
Lee, Jong-Wha
Sachs, Jeffrey D.
Date:
Type:
Articles
Department:
Earth Institute
Volume:
6
Permanent URL:
Book/Journal Title:
Seoul Journal of Economics
Abstract:
This paper introduces a dynamic general equilibrium model of the Korean economy. The Korean economy has nine producing sectors and is linked to other blocks in the world, which consist of the U.S., Japan, the rest of the OECD, OPEC, and other economies. Some simulation results are presented to show the functioning of the Korean economy and its linkages to the world economy given internal and external policy changes.
Subject(s):
Economic theory
Item views:
177
Metadata:
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