18 research outputs found

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

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    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 tโ… . ์„œ ๋ก  โ…ก. ๋ฌธํ—Œ์—ฐ๊ตฌ ใ€€1. ๊ตญ๋‚ด ๋ฌธํ—Œ ใ€€2. ์™ธ๊ตญ ๋ฌธํ—Œ โ…ข. ๋ถ„์„๋ฐฉ๋ฒ• โ…ฃ. ๋ถ„์„๊ฒฐ๊ณผ ใ€€1. ๋ถ„์„์ž๋ฃŒ ใ€€2. ์ถ”์ •๊ฒฐ๊ณผ ใ€€3. ์™ธ๋ถ€ ์ถฉ๊ฒฉ์„ ๊ณ ๋ คํ•œ 4-๋ณ€์ˆ˜ VAR ๋ชจํ˜•์˜ ๊ฒฐ๊ณผ ใ€€4. ์™„๊ฑด์„ฑ(Robustness) ๊ฒ€ํ†  โ…ค. ๊ฒฐ ๋ก  ์ฐธ ๊ณ  ๋ฌธ

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

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    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. ์„œ๋ก  ใ€€ใ€€II. ๊ด€๋ จ๋ฌธํ—Œ ใ€€ใ€€III. ์ด๋ก ์  ๋…ผ์˜ ใ€€ใ€€IV. ๊ณ„๋Ÿ‰๋ถ„์„ ใ€€ใ€€v. ๊ฒฐ

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

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    This study stems from a question, โ€œHow should we understand the pattern of the Korean economy after the 1990s?โ€ Among various analytic methods applicable, this study chooses a Structural Vector Autoregression (SVAR) with long-run restrictions, identifiโ… . ์„œ ๋ก  โ…ก. ์ตœ๊ทผ ์šฐ๋ฆฌ ๊ฒฝ์ œ์˜ ์„ฑ์žฅ ์ถ”์„ธ: ํ˜„์ƒ๊ณผ ๋…ผ์˜ ใ€€1. ํ•œ๊ตญ์˜ ์„ฑ์žฅ๋ฅ  ์ถ”์„ธ: ํ˜„์ƒ ใ€€2. ๊ด€๋ จ ๋ฌธํ—Œ ์ •๋ฆฌ โ…ข. ๋ถ„์„๋ชจํ˜• ใ€€1. ์ถฉ๊ฒฉ์˜ ์›์ฒœ ๋ฐ ์ „๋‹ฌ๊ฒฝ๋กœ ใ€€2. ์ถ”์ •์‹ ๋ฐ ์‹๋ณ„์กฐ๊ฑด โ…ฃ. ๋ถ„์„ ๊ฒฐ๊ณผ ใ€€1. ์ž๋ฃŒ์˜ ํŠน์„ฑ ใ€€2. ์ถฉ๊ฒฉ๋ฐ˜์‘(IR) ๋ฐ ์˜ˆ์ธก์˜ค์ฐจ๋ถ„ํ•ด(FEVD

    ์ธ๊ตฌ๊ตฌ์กฐ ๊ณ ๋ นํ™”์™€ ์†Œ๋น„๊ตฌ์กฐ

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    ์ œ๏ผ‘์žฅ ์„œ ๋ก  ใ€€ใ€€1. ์ธ๊ตฌ๊ตฌ์กฐ ๊ณ ๋ นํ™”์™€ ์†Œ๋น„๊ตฌ์กฐ ใ€€ใ€€2. ์ธ๊ตฌ๊ตฌ์กฐ ๊ณ ๋ นํ™”์™€ ์ฃผํƒ์ˆ˜์š” ใ€€ใ€€3. ์ธ๊ตฌ๊ตฌ์กฐ ๊ณ ๋ นํ™”์™€ ์ž์‚ฐ์ˆ˜์š” ์ œ2์žฅ ์ธ๊ตฌ๊ตฌ์กฐ ๊ณ ๋ นํ™”์™€ ์†Œ๋น„๊ตฌ์กฐ ใ€€์ œ1์ ˆ ์„œ ๋ก  ใ€€์ œ2์ ˆ ๊ธฐ์กด์˜ ์—ฐ๊ตฌ ใ€€์ œ3์ ˆ ํ’ˆ๋ชฉ๋ณ„ ๊ฐ€๊ณ„์†Œ๋น„์ง€์ถœ ๊ตฌ์„ฑ๋น„ ํ•จ์ˆ˜์˜ ์ถ”์ • ใ€€ใ€€1. ํ†ต๊ณ„์ž๋ฃŒ ใ€€ใ€€2. ์†Œ๋น„๊ตฌ์กฐ์˜ ๋ณ€ํ™” ์ถ”์ด ใ€€ใ€€3. ์ถ”์ •๋ฐฉ์ •์‹ ๋ฐ ์ถ”์ •์ ˆ์ฐจ ใ€€ใ€€4. ์ถ”์ • ๊ฒฐ๊ณผ ใ€€์ œ4์ ˆ ์†Œ๋น„์ง€์ถœ๊ตฌ์กฐ์˜ ์ „๋ง ใ€€ใ€€1. ์ „๋ง์„ ์œ„ํ•œ ๊ฐ€์ • ใ€€ใ€€2. ์ „๋ง ๊ฒฐ๊ณผ ใ€€์ œ5์ ˆ ๊ฒฐ ๋ก  ์ฐธ ๊ณ  ๋ฌธ ํ—Œ ์ œ3์žฅ ์ธ๊ตฌ๊ตฌ์กฐ ๊ณ ๋ นํ™”์™€ ์ฃผํƒ์ˆ˜์š” ใ€€์ œ1์ ˆ ์„œ ๋ก  ใ€€์ œ2์ ˆ ์ธ๊ตฌ ๋ฐ ๊ฐ€๊ตฌ ๋ณ€ํ™” ์ „๋ง ใ€€ใ€€1. ์ธ๊ตฌ ๋ฐ ๊ฐ€๊ตฌ ๋ณ€ํ™” ์ถ”์„ธ ใ€€ใ€€2. ์ธ๊ตฌ ๋ฐ ๊ฐ€๊ตฌ ๋ณ€ํ™” ์ „๋ง ใ€€ใ€€3. ์ธ๊ตฌ ๋ฐ ๊ฐ€๊ตฌ ๋ณ€ํ™” ์ „๋ง์˜ ์‹œ์‚ฌ์  ใ€€์ œ3์ ˆ ์—ฐ๋ น๊ณ„์ธต๋ณ„ ์ฃผํƒ์†Œ๋น„ ํŠน์„ฑ ๋ถ„์„ ใ€€ใ€€1. ๋ถ„์„์ž๋ฃŒ ใ€€ใ€€2. ์—ฐ๋ น๊ณ„์ธต๋ณ„ ์ฃผํƒ์†Œ๋น„ ใ€€์ œ4์ ˆ ๋…ธ์ธ๊ฐ€๊ตฌ์™€ ๋น„๋…ธ์ธ๊ฐ€๊ตฌ์˜ ์ฃผํƒ์ˆ˜์š”ํ•จ์ˆ˜ ์ถ”์ • ใ€€ใ€€1. ์ถ”์ •๋ฐฉ์ •์‹ ์„ค์ • ใ€€ใ€€2. ์ถ”์ •์ž๋ฃŒ ๋ฐ ๋ณ€์ˆ˜์ธก์ • ใ€€ใ€€3. ์ถ”์ •๊ฒฐ๊ณผ ใ€€ใ€€4. ์ถ”์ •๊ฒฐ๊ณผ์˜ ์‹œ์‚ฌ์  ใ€€์ œ5์ ˆ ์žฅ๊ธฐ์ฃผํƒ์ˆ˜์š” ์ „๋ง ใ€€ใ€€1. M๏ผW ๋ฐฉ๋ฒ•๋ก ๊ณผ ํ•œ๊ณ„ ใ€€ใ€€2. ์ˆ˜์ •๋ชจํ˜• ใ€€ใ€€3. ๋ณ€์ˆ˜์ธก์ • ๋ฐ ์ถ”์ •๊ฒฐ๊ณผ ใ€€ใ€€4. ์žฅ๊ธฐ์ฃผํƒ์ˆ˜์š” ์ „๋ง ใ€€์ œ6์ ˆ ์š”์•ฝ ๋ฐ ์ •์ฑ…์  ์‹œ์‚ฌ์  ใ€€ใ€€1. ์š” ์•ฝ ใ€€ใ€€2. ์ •์ฑ…์  ์‹œ์‚ฌ์  ์ฐธ ๊ณ  ๋ฌธ ํ—Œ ์ œ4์žฅ ์ธ๊ตฌ๊ตฌ์กฐ ๊ณ ๋ นํ™”์™€ ์ž์‚ฐ์ˆ˜์š” ใ€€์ œ1์ ˆ ์„œ ๋ก  ใ€€์ œ2์ ˆ ๋ถ„์„ ๋ชจํ˜• ใ€€ใ€€1. ๊ฐœ๋ณ„ ์†Œ๋น„์ž ใ€€ใ€€2. ๊ฐœ๋ณ„ ์†Œ๋น„์ž์˜ ์ตœ์  ์†Œ๋น„, ์ฃผํƒ ๊ตฌ์ž… ๋ฐ ์ €์ถ• ใ€€ใ€€3. ์ด๋Ÿ‰ํ™”(aggregation) ใ€€์ œ3์ ˆ ๋ชจ์˜์‹คํ—˜ ๊ฒฐ๊ณผ ใ€€ใ€€1. ๋ชจ์ˆ˜๊ฐ’์˜ ์„ค์ • ใ€€ใ€€2. ์†Œ๋น„, ์ฃผํƒ ๋ฐ ๊ธˆ์œต์ž์‚ฐ๋ณด์œ  ํŒจํ„ด: ๊ฐœ์ธ ํ–‰์œ„์˜ ์‹œ๊ณ„์—ด ํŒจํ„ด ใ€€ใ€€3. ์†Œ๋น„, ์ฃผํƒ ๋ฐ ๊ธˆ์œต์ž์‚ฐ๋ณด์œ  ํŒจํ„ด: ํšก๋‹จ๋ฉด ๋ถ„ํฌ์˜ ์‹œ๊ณ„์—ด ์ถ”์ด ใ€€ใ€€4. ์†Œ๋น„, ์ฃผํƒ๋ณด์œ  ๋ฐ ๊ธˆ์œต์ž์‚ฐ๋ณด์œ  ํ˜„ํ™ฉ๊ณผ์˜ ๋น„๊ต ใ€€์ œ4์ ˆ ๊ฒฐ๋ก  ์ฐธ ๊ณ  ๋ฌธ ํ—Œ ใ€๋ถ€๋กใ€‘ 2000๋…„๋„ ยท๊ฐ€๊ตฌ์†Œ๋น„์‹คํƒœ์กฐ์‚ฌยท๋ฅผ ํ†ตํ•ด ๋ณธ ์šฐ๋ฆฌ๋‚˜๋ผ ๊ฐ€๊ณ„์˜ ์†Œ๋น„, ์†Œ๋“, ๊ธˆ์œต์ž์‚ฐ ๋ฐ ๋ณด์œ  ๋ถ€๋™์‚ฐ ๊ฐ€์น˜์˜ ํšก๋‹จ๋ฉด ๋ถ„ํฌTRU
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