The North Korean economy: Escape from import-led growth

被引：6
|
作者：
Sato, Sumie [1 ]
Fukushige, Mototsugu [2 ]
机构：
[1] Kobe Univ, Grad Sch Econ, Nada Ku, Kobe, Hyogo 6578501, Japan
[2] Osaka Univ, Grad Sch Econ, 1-7 Machikaneyama Cho, Toyonaka, Osaka 5600043, Japan
来源：
JOURNAL OF ASIAN ECONOMICS | 2011年 / 22卷 / 01期
关键词：
North Korea; Import-led growth; Export-led growth; Causality test;
D O I：
10.1016/j.asieco.2010.08.001
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We investigate causal relationships among exports, imports, and economic growth in North Korea using time series data for the period between 1964 and 2008. The empirical results show Granger causality from imports to GNP in the first half of the period and from GNP to imports in the second half. This implies that the North Korean economy escaped from the import-led growth situation that some socialist economies had experienced and changed its macroeconomic mechanism in 1991. (C) 2010 Elsevier Inc. All rights reserved.
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页码：76 / 83
页数：8
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