Publications
Journal Articles
"Intra-firm Trade and Resilience to Aggregate Trade Shocks: Evidence from Korean Manufacturing Firms ," forthcoming, (with Ji Hyun Eum), International Economic Journal
“Cross-border Trade Credit and Trade Flows during the Global Financial Crisis,” 2022, (with Hyejoon Im & Sangyeon Hwang), International Review of Economics and Finance, 82, 497-502
“Does Trade Pattern Enhance Institutional Quality? Comparison across Regions,” 2022, (with Kee Hoon Chung), Journal of Comparative Policy Analysis: Research and Practice, 24(6), 557-582
“Trade Patterns and Institutional Change in East Asia,” 2022, (with Kee Hoon Chung), Economics of Transition and Institutional Change, 30(3), 567-595
“Does Trade Elasticity Vary Across Regimes? New Evidence from Korean Exports, Incorporating Regime Changes,” 2020, (with Sei-Wan Kim), Asian Economic Journal, 34(4), 379-403
“From Firm-level Imports to Aggregate Productivity: Evidence from Korean Manufacturing Firms Data,” 2020, (with JaeBin Ahn), Japan and the World Economy, 56, 101038
“Does Intra-regional Trade Matter in Regional Stock Markets? New Evidence from the Asia-Pacific Region,” 2019, (with Sei-Wan Kim & Young-Min Kim), Asian Economic Journal, 33(3), 253-279
“R&D spillover effects on firms’ export behavior: evidence from South Korea,” (with Minjung Kim), 2019, Applied Economics, 51(28), 3066-3080
“An analysis of Trade Patterns and the Effects of the Real Exchange Rate Movements in East Asia,” 2018, (with Geun-Young Kim & Joo Yong Lee), Emerging Markets Finance and Trade, 54(7), 1636-1652
“Dissecting Foreign Bank Lending Behavior During the 2008-2009 Crisis,” (with Eva Gutierrez & Maria Soledad Martinez Peria), 2016, Financial Markets, Institutions & Instruments, 25(5), 361-398
“Asia-Pacific Stock Market Integration: New Evidence by Incorporating Regime Changes,” 2015, (with Sei-Wan Kim & Young-Min Kim), Emerging Markets Finance and Trade, 51(s4), s68-s88
Journal Articles in Korean
“KTX 개통이 울산지역 산업 및 인구구조에 미친 영향(High-speed Rails and Regional Effects: Evidence from Ulsan)” 2024, (with S.H. Lee, J. Choi, H.C. Choi), 「한국경제의 분석(Journal of Korean Economic Analysis)」 30(1), 151-195
“국민연금 빅데이터를 활용한 이직자의 지역간 이동 특징 분석(Dissecting Interregional Job Mobility in Korea using Big Data from National Pension Service)” 2024, (with P. Jeon), 「한국경제포럼(Korean Economic Forum)」 16(4), 29-57
“글로벌 가치사슬 변화가 경제성장에 미치는 영향: 2008년 금융위기 전후 전·후방참여 효과의 국제비교를 중심으로(Effect of Global Value Chains on Economic Growth and Their Changes after Global Financial Crisis),” 2021, (with S. Kim), 「국제경제연구(Kukje Kyungje Yongu)」 27(3), 1-40, (2021)
“우리나라 제조업 기업의 수출중단 결정요인 분석(Determinants of a Firm’s Exit from Exporting: Evidence from Korean Manufacturing Firms),” 2020, (with Y. Nam), 「경제분석(Economic Analysis)」 26(4), 98-136
“수출입과 여성고용: 우리나라 제조기업에 대한 실증분석(International Trade and Female Employment: Evidence from Korean Manufacturing Firms),” 2020, (with J. Eum), 「경제발전연구(Journal of Korean Economic Development)」 26(2), 37-62
“수출입과 기업의 노동수요(International Trade and Labor Demand of Korean Firms: Focusing on Heterogeneous Firm Productivity),” 2019, (with J. Eum, J. Park), 「경제분석(Economic Analysis)」 25(3), 30-69
“선진국 수입수요가 우리나라 수출에 미치는 영향(Import Demand in Developed Economies & Korean Exports),” 2019, (with K. Kim), 「경제분석(Economic Analysis)」 25(1), 34-65
“우리나라 수출입 변동의 파급경로와 직간접 무역연계성의 역할(The Transmission Channel of the Korean Bilateral Trade and the Role of Direct/Indirect Trade Linkages),” 2015, (with G-Y. Kim), 「국제경제연구(Kukje Kyungje Yongu)」 21(4), 55-81
“주식수익률이 소득계층별 소비에 미치는 영향: 비선형관계에 의한 연구(Stock Return’s Effect on Different Income Cohorts’ Consumption：Evidence from Nonlinear Estimation in Korea),” (with S. Kim), 2007, 「금융연구(Journal of Money & Finance)」 12(2), 145-174
Reports in Korean
“최근 원화와 위안화의 동조화 배경 및 특징(Recent Co-movement between the Korean Won and the Chinese Yuan)” (with S. Cho, J. Lee, K. Oh), BOK Issue Note 2025-16호, Bank of Korea (2025)
“울산 수출중견기업들의 수출입 집중도가 기업 실적에 미치는 영향(Trade Intensity of Exporting Firms in Ulsan and Their Performance)” (with S. Lee), Bank of Korea Ulsan Branch (2024)
“울산 인구감소의 주요특징 및 대응방안(Features of Ulsan’s Population Decline and Policy Responses)” (with S. Ahn), Bank of Korea Ulsan Branch (2023)
“코로나19 팬데믹의 글로벌 가치사슬에 대한 영향 및 시사점(Impacts of the Pandemic on Global Value Chains and Policy Implications)” (with M.H. Kim), BOK Issue Note 2020-10, Bank of Korea (2020)
Textbook in Korean
국제금융론(International Finance), with H.S. Ahn, 8th Ed., 삼영사(2024)
Working Papers
“South Korea’s Long-Term Manufacturing Employment Share,” (with Hoedong Lim, Sangho Shin, and Kei-Mu Yi)
“Tariff News Shock and Exchange Rate Movements: Evidence from South Korea” (with S. Cho)
“The Effects of Yield Curve Changes on USD/KRW Exchange Rate” (with S. Cho and Y. Kwon)
“Trade Tension and Pattern of Currency Co-Movements: Evidence from Korean Won and Chinese Yuan” (with S. Cho)
“Global Trade Policy Uncertainty and USD/KRW exchange rate” (with S. Cho)
“Accounting for the Sources of the Recent Decline in Korea’s Exports to China,” (with Kei-Mu Yi) BOK Working Paper 2018-24.
“Export Prices and Market Access of Exporting Countries: Theories and Evidence,” University of Virginia, 2012, mimeo.
Work in progress
“Parent-Firm Location and Trade Adjustment amid Rising Protectionism: Evidence from Korean Firms ,” (with Minsoo Cho)