Is the Korean economy export-driven?

Imad A. Moosa, Chongwoo Choe

Research output: Contribution to journalArticleResearchpeer-review

5 Citations (Scopus)


This paper examines the relationship between exports and real output using quarterly seasonally unadjusted Korean data covering the period 1970-1995. The relationship is examined using seasonal error correction modelling, seasonal cointegration, structural time series modelling and causality testing. The results show that exports have a positive but small effect on output, and that the adjustment to the long-run equilibrium relationship is rather slow. It is concluded that while exports exert a positive effect on output, the effect is not as strong as it is normally portrayed to be.

Original languageEnglish
Pages (from-to)237-255
Number of pages19
JournalEconomic Modelling
Issue number2
Publication statusPublished - 1 Apr 1998
Externally publishedYes


  • C22
  • Causality testing
  • Error correction models
  • Export-led growth hypothesis
  • O11
  • Structural time series modelling

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