This paper investigates the long run relationship of real interest rates within a number of economic blocs such as Asia-Pacific, Europe, North America using cointegration analysis and vector error correction models.

This paper is exploring the impact on the two proximate economies, Korea and China, of China’s accession to the World Trade Organization. We try to figure out how the aggregate effects, export performance, domestic production, and flows of foreign direct investments can be affected by this...

This paper characterises the world real interest rate as a common trend in real interest rates in Germany, Japan, and the United States from 1964Q1 to 1996Q2. This single common trend has desirable properties as the world real interest rate and has been moving together with the world real return...

This paper characterises the world real interest rate as a common trend in real interest rates in Germany, Japan, and the United States even if there is scepticism in the existence of the world real interest. In theoretical terms, real interest parity is based on the presumed validity of...

This paper addresses the sequential issue of countries entering into a Free Trade Area. Korea, China, Japan and the United States are the objects of investigation. Different sequences are ranked in terms of the present value of Korea's GDP using a computable general equilibrium model, and the...

First, this article introduces unit value box in addition to Azhar, Elliott and Milner's industry trade box in identifying the post-crisis trade structure of Korea. Dynamic movements of total trade, net trade, intra-industry trade and export-import unit values complete the systematic analysis of...

This article is whether and how the world macroeconomic environments influence the world trade disputes. We use two-pronged approach. First, we try to answer the question whether and how global macroeconomic environments are attached to the count of the world trade disputes. Even if the...

This special issue aims to shed light on the multi dimensional aspects of economic integration among the world’s vast, distinct, and two adjacent regions on the continental scale: that is, Asia and Europe. Distinguished researchers weave various strands of economic integration between Asia and...