1990년대 중반 이후 교역조건 하락추세의 원인분석
Causes of the Decline in Terms of Trade in Korea since the Mid-1990s
This paper examines the causes of the terms of trade decline in Korea since the mid-1990s, using the decomposition methodology suggested by Baxter and Kouparitsas (2000) as well as regression analysis. The main empirical results are summarized as follows.
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