Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Entire DC Network
Sources Of Economic Growth In South Korea: An Application Of The Ardl Analysis In The Presence Of Structural Breaks – 1980-2005, Charles Harvie, M. Pahlavani
Sources Of Economic Growth In South Korea: An Application Of The Ardl Analysis In The Presence Of Structural Breaks – 1980-2005, Charles Harvie, M. Pahlavani
Faculty of Business - Economics Working Papers
The primary objective of this paper is to examine the major determinants of GDP growth in South Korea emphasizing the importance of investment, trade and human capital, using quarterly time series data covering the period 1980Q1 to 2005Q3. The time series properties of the data are, first, analyzed using the Zivot-Andrews (1992) model. The empirical results derived indicate that there is insufficient evidence against the null hypothesis of unit roots for all of the variables under investigation. Second, the Gregory-Hansen (1996) cointegration technique, allowing for the presence of potential structural breaks in the data, is applied, and is found to …