University of Illinois Urbana-Champaign

Three Essays on Trade Policy and Impacts of Regional Demographic Changes

Yoon, Sang Gyoo

This item is only available for download by members of the University of Illinois community. Students, faculty, and staff at the U of I may log in with your NetID and password to view the item. If you are trying to access an Illinois-restricted dissertation or thesis, you can request a copy through your library's Inter-Library Loan office or purchase a copy directly from ProQuest.

Permalink

https://hdl.handle.net/2142/85568

Description

Title
Three Essays on Trade Policy and Impacts of Regional Demographic Changes
Author(s)
Yoon, Sang Gyoo
Issue Date
2006
Doctoral Committee Chair(s)
Hadi Salehi Esfahani
Department of Study
Economics
Discipline
Economics
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
Ph.D.
Degree Level
Dissertation
Keyword(s)
Economics, General
Language
eng
Abstract
The third paper attempts to calculate the Korean import demand elasticities on a disaggregate level using three approaches-the traditional approach, household maximization approach, and GDP function approach. The traditional approach has no micro-foundations and the household maximization approach has cross price problems. To address the cross price problems, I apply a modified GDP function approach. The unit root test results using the Augmented Dickey-Fuller (ADF) test and Phillips-Perron (PP) test show that, for most of the commodities, the unit root cannot be rejected at the significance levels. However, results from the Johansen procedure for the cointegration test show that variables under consideration are cointegrated. Therefore, I estimate the coefficients using the SC (Schwarz criterion) selection model and calculate the import demand elasticities. The estimation results show that the weighted average import price elasticities of Korean imported mining and manufacturing goods are between -0.12 and -0.36.
Graduation Semester
2006
Type of Resource
text
Permalink
http://hdl.handle.net/2142/85568

Owning Collections

Graduate Dissertations and Theses at Illinois PRIMARY
Graduate Theses and Dissertations at Illinois
Dissertations and Theses - Economics