Previous studies of the determinants of the terms of trade have typically failed to fully reflect the composition of imports and exports and the unique characteristics of trading partners, which have considerable influence on the terms of trade. In particular, most studies of Korea's terms of...

This paper aims at analyzing the FDI spillover effect in accordance to the industrial forward and backward linkages effect during the entire (1990~2008) and recent (2001~2008) periods. The System Generalized Method of Moment has been utilized in order to solve the endogeneity issue. As a result,...

The effects of imported intermediate on domestic competitive sectors depend on technology types and the trade relations with exporting countries. The productivity effects of imported input on final sectors using the imported intermediates are affected not by shares of imports but by amounts of...