On the Efficacy of Fiscal Policy in Korea during 1979~2000

This paper mainly estimates a trajectory of GDP induced by variations in fiscal expenditure and taxation policy using three variable structural VAR models. By assigning different combinations of identifying restrictions on the disturbances and measuring tⅠ. 서 론 Ⅱ. 문헌연구 　1. 국내 문헌 　2. 외국 문헌 Ⅲ. 분석방법 Ⅳ. 분석결과 　1. 분석자료 　2. 추정결과 　3. 외부 충격을 고려한 4-변수 VAR 모형의 결과 　4. 완건성(Robustness) 검토 Ⅴ. 결 론 참 고 문

Exploration into the Determinants of Household Consumption: Liquidity Constraint and Family Characteristics

Our paper aims to estimate a household consumption function in the presence of liquidity constraints as well as household characteristics. Empirical findings from a Korean cross-sectional data (National Survey of Household Income and Expenditure) reveal tI. 서론 　　II. 관련문헌 　　III. 이론적 논의 　　IV. 계량분석 　　v. 결

The Economic Growth of Korea Since 1990: Contributing Factors from Demand and Supply Sides

This study stems from a question, “How should we understand the pattern of the Korean economy after the 1990s?” Among various analytic methods applicable, this study chooses a Structural Vector Autoregression (SVAR) with long-run restrictions, identifiⅠ. 서 론 Ⅱ. 최근 우리 경제의 성장 추세: 현상과 논의 　1. 한국의 성장률 추세: 현상 　2. 관련 문헌 정리 Ⅲ. 분석모형 　1. 충격의 원천 및 전달경로 　2. 추정식 및 식별조건 Ⅳ. 분석 결과 　1. 자료의 특성 　2. 충격반응(IR) 및 예측오차분해(FEVD