اثرات جهانی شدن بر پویایی اقتصاد کلان در یک اقتصاد وابسته به تجارت: مورد کره

The empirical results show that globalization led to important changes in the macroeconomic environment. Domestic variables have become much more sensitive toward global measures over the 1991–2012 sample. In particular, domestic output and inflation are significantly affected by global output. Fluctuations in Korean output, inflation, and interest rates, which were driven for the most part by domestic shocks in the early 1990s, are, by the end of the sample, due in large part (roughly 70%) to global shocks (and shocks that are open-economy in nature).