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Macroeconomic fluctuations and economic growth : the case of Korea

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dc.contributor.advisor Tremblay, Victor
dc.creator Yoon, Tae-Yong
dc.date.accessioned 2012-10-09T18:39:14Z
dc.date.available 2012-10-09T18:39:14Z
dc.date.copyright 1996-10-04
dc.date.issued 1996-10-04
dc.identifier.uri http://hdl.handle.net/1957/34280
dc.description Graduation date: 1997 en_US
dc.description.abstract The thesis presents a useful and effective blend of insights about macroeconomic business fluctuations and the effects of government expenditure in economic growth in Korea. In Chapter I, I show that the joint behavior of key Korean macroeconomic variables is consistent with traditional Keynesian interpretation of macroeconomic business fluctuations by using standard VAR analysis and structural VAR analysis. Both analyses consistently confirmed that aggregate demand shocks move output and prices in the same direction, whereas aggregate supply shocks move output and prices in the opposite direction in the short run, and that aggregate demand shocks are reflected mostly in prices in the long run, while aggregate supply shocks are likely to have long run effects on output. In Chapter II, I analyze the long run effects of different types of government spending on economic growth in Korean economy by using Transfer Function Analysis and Impulse Response Analysis. Both analyses indicated that the most efficient way to enhance the economic growth in Korea is by increasing expenditure on health, education, electricity, gas and water without ignoring expenditures on roads, social security and welfare, transportation and communication. en_US
dc.language.iso en_US en_US
dc.subject.lcsh Korea (South) -- Economic conditions -- Mathematical models en_US
dc.subject.lcsh Business cycles -- Korea (South) -- Econometric models en_US
dc.title Macroeconomic fluctuations and economic growth : the case of Korea en_US
dc.type Thesis/Dissertation en_US
dc.degree.name Doctor of Philosophy (Ph. D.) in Economics en_US
dc.degree.level Doctoral en_US
dc.degree.discipline Interdisciplinary Studies en_US
dc.degree.grantor Oregon State University en_US
dc.contributor.committeemember Baek, DaeHyun
dc.contributor.committeemember Fraundorf, Martha
dc.contributor.committeemember Martins-Fihlo, Carlos
dc.description.digitization File scanned at 300 ppi (Monochrome) using ScandAll PRO 1.8.1 on a Fi-6670 in PDF format. CVista PdfCompressor 4.0 was used for pdf compression and textual OCR. en_US
dc.description.peerreview no en_us

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