Not all oil shocks on the trade balance are alike: Empirical evidence from South Korea

2021 ◽  
Author(s):  
Jungho Baek
Keyword(s):  
South Korea ◽  
Empirical Evidence ◽  
Trade Balance ◽  
Oil Shocks

The Impact of the Korean Wave on South Korea–Taiwan Relations

Asian Survey ◽  
2021 ◽  
Vol 61 (2) ◽  
pp. 217-240
Author(s):  
Sung Deuk Hahm ◽  
Sooho Song
Keyword(s):  
South Korea ◽  
Empirical Evidence ◽  
Soft Power ◽  
Direct Investment ◽  
Great Success ◽  
Policy Changes ◽  
Cultural Products ◽  
Korean Wave ◽  
The Impact ◽  
The Relationship

Ever since the concept of soft power was introduced, there has been debate about what it is and how it works. We join the debate by studying how the success of Korean cultural products in Taiwan has improved the relationship between South Korea and Taiwan. The two countries normalized their relationship in 1948 and maintained cooperation until the severance of formal ties in 1992 because of South Korea’s rapprochement with China. Beginning in early 2000, however, South Korea’s cultural products have enjoyed great success in Taiwan. Since that time, the relationship between the two countries has significantly improved, including trade and tourism expansion, increased Taiwanese direct investment in South Korea, and policy changes by Taiwan’s government. These changes provide empirical evidence of soft power.

Technological progress, non-price factors competitiveness, and changes in trade income elasticities: empirical evidence from South Korea and Hong Kong

2020 ◽  
pp. 1-26
Author(s):  
Marco Flávio Cunha Resende ◽  
Vitor Leone ◽  
Daniele Almeida Raposo Torres ◽  
Simeon Coleman
Keyword(s):  
Growth Rate ◽  
Hong Kong ◽  
South Korea ◽  
Empirical Evidence ◽  
Technological Progress ◽  
Innovation System ◽  
Balance Of Payments ◽  
Income Elasticities ◽  
Long Run ◽  
Catch Up

In the balance-of-payments-constrained growth model literature, income elasticities (IEs) are considered as the crucial element determining a country's long-run growth rate. Although the extant literature accepts that technology matters for IEs magnitude, explanations linking technology and IEs magnitude are limited. In this paper, we make use of the National Innovation System (NIS) concept from the Evolutionary School to explain the channels through which the size of a country's IEs is influenced by the level of development of its NIS, which in turn is a channel through which the non-price competitiveness factors work. Additionally, we empirically test the hypothesis that the catch-up allowed by NIS developments achieved in South Korea and Hong Kong improved their IEs over the 1980–1995 period. Our empirical results suggest a link between the level of NIS development and the size of the IEs.

Shame, Anger, and Love in Collective Action: Emotional Consequences of Suicide Protest in South Korea, 1991

2002 ◽  
Vol 7 (2) ◽  
pp. 159-176 ◽  
Author(s):  
Hyojoung Kim
Keyword(s):  
Collective Action ◽  
South Korea ◽  
Empirical Evidence ◽  
Rational Action ◽  
Preference Formation ◽  
Emotional Processes ◽  
Recent Scholarship ◽  
Fundamental Misunderstanding ◽  
Emotional Dynamics

Recent scholarship has revived the notion that collective action is subject to both rational and emotional processes and that any account that fails to examine emotional dynamics risks a fundamental misunderstanding of the dynamics of collective action. Yet few studies have theorized the mechanisms through which emotions enable collective action. Without a proper identification of such mechanisms, any attempt to "bring emotions back" risks failing to address the complex but critical relationship between emotions and rational action and reverting to the classic "overly emotional" accounts of collective action. This article develops an emotions theory of preference formation by which emotions provide a commitment mechanism for activism by altering the salience hierarchy of personal identities and preferences. To bring empirical evidence to bear upon the theory, I examine the testimonials written by some visitors to the grave of Park Sung Hee, who cremated herself in South Korea in 1991.

scholarly journals The effects of listing status on a firm’s lease accounting: Evidence from South Korea

2017 ◽  
Vol 19 (1) ◽  
pp. 77
Author(s):  
Younghee Park ◽  
Kyunga Na
Keyword(s):  
South Korea ◽  
Empirical Evidence ◽  
Balance Sheet ◽  
Listed Firms ◽  
Current Accounting ◽  
Operating Leases ◽  
The Impact ◽  
Lease Accounting ◽  
Unlisted Firms ◽  
Debt Levels

This study examines how the listing status affects a firm’s choice of lease accounting, using 7,023 firm-year observations that record either an operating or a capital lease from 2001 to 2013 in Korea. We find that unlisted firms are more likely to opt for operating leases, and to have a higher ratio of operating leases than listed firms are. These results indicate that unlisted firms tend to prefer operating leases which can be used as a tool to avoid increasing debt levels and to benefit from off-balance sheet financing (or unrecorded liabilities), compared to listed firms. This study contributes to the current accounting literature as it is the first to provide empirical evidence regarding the impact of the listing status on a firm’s lease accounting.

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