o Time : December 12, Wednesday 12:00 ~ 2:00 p.m.

o Venue : 9705(The 7th floor seminar room)

The East Asian Miracle: Is It Export-led or Investment-led?


Abstract

Disagreements persist whether the Korean and Taiwanese economic miracle is export-led as advocated by market fundamentalists or investment-led as envisioned by the market interventionists. The Granger causality test has been conducted within the context of a VAR system comprising of exports, investment, imports and GDP. The test results show that the fundamentalists’ version fits the data better than the interventionists''.