Decrease in the Growth of Domestic Demand in Korea

Autor:	Seongman Moon
Jazyk:	angličtina
Rok vydání:	2015
Předmět:	Domestic Demand Dampened Ripple Effects Household Income Structural Problems East Asian Financial Crisis Economics as a science HB71-74
Zdroj:	East Asian Economic Review, Vol 19, Iss 4, Pp 381-408 (2015)
Druh dokumentu:	article
ISSN:	2508-1640 2508-1667
DOI:	10.11644/KIEP.JEAI.2015.19.4.302
Popis:	This paper investigates a link between the significant decline in the growth of domestic demand and the dampened ripple effects from the export sector in Korea since the East Asian financial crisis. The dampened ripple effects are closely linked to the changed investment behaviors of the Korean large-sized exporting firms since the crisis: they do not invest in their export earnings any more to create new industries; they tend to use more foreign value added contents for their exports and to increase outward direct investment by actively participating in global value chains. The paper also examines a link between the growth of domestic demand and the growth of household disposable income and presents reasons for the decline in the growth of household disposable income since the East Asian financial crisis.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/8b1ed40576e947caa369c4598628845c Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF