Research

Current Working Papers

  • "Productivity Dynamics in the Retail Trade Sector: The Roles of Large Modern Retailers and Small Entrants" (with Janghhe Cho and Hyunbae Chun), Accepted at Small Business Economics

  • "E-Commerce and Local Labor Markets: Is the Retail Apocalypse Near?" (with Hyunbae Chun, Hailey Joo, and Jisoo Kang), R&R at Journal of Urban Economics

  • "Monetary Policy Transmission Mechanism of the Bangladesh Economy" (with In Hur), Asia Development Bank Working Paper Series

  • "Long-Term Shifts in Korean Manufacturing and Plant-Level Productivity Dynamics" World Bank Policy Research Working Papers

  • "A Model of Entry, Exit, and Endogenous Productivity" (with Daisoon Kim)

  • "Job Creation and Destruction of Small and Medium-Sized Firms over the Business Cycle" Bank of Korea Working Paper

  • "The Importance of Reallocations in Cyclical Productivity and Returns to Scale: Evidence from Plant-level Data," Federal Reserve Bank of Cleveland Working Paper

  • "Learning from Consumer Travel Distance: Firm Expansion, Contraction, and Exit" (with Daisoon Kim and Jeongwon Jang)

Refereed Publications

  • "Analysis on Relationship Between Export and Productivity of Manufacturing Industry: Using Plant Level Data" (with Wonhyeok Kim and Jin Ho Park) Journal of Economic Theory and Econometrics, 2021.

  • "How Do House Prices Affect Consumption Patterns across Categories?" (with Wonheok Kim and Soohyung Lee) Korean Economic Review, 2021.

  • "A model of entry, exit, and plant-level dynamics over the business cycle" (with Toshihiko Mukoyama) Journal of Economic Dynamics and Control, 2018.

  • "Economic Policies with Endogenous Entry and Exit of Plants" (with Toshihiko Mukoyama) Journal of Economic Theory and Econometrics, 2018.

  • "Job Creation and Destruction: New Evidence on the Role of Small versus Young Firms in Korea" (with Janghee Cho, Hyunbae Chun, and Hongjun Kim) Japanese Economic Review, 2017.

  • "Productivity and Employment Dynamics of the U.S. Manufacturing Plants" (with Toshihiko Mukoyama) Economics Letters, 2015.

  • "How Does the Entry of Large Discount Stores Increase Retail Employment? Evidence from Korea" (with Hyunbae Chun and Janghee Cho) Journal of Comparative Economics, 2015.

  • "Entry and Exit of Manufacturing Plants over the Business Cycle" (with Toshihiko Mukoyama) European Economic Review, 2015.

  • "Cross Sectoral Variation in the Volatility of Plant Level Idiosyncratic Shocks" (with Rui Castro and Gian Luca Clementi) Journal of Industrial Economics, 2015.

  • "Geographic Redistribution of the U.S. Manufacturing and the Role of State Development Policy" Journal of Urban Economics, 2008.

(In Korean)

  • "Household Debt and Default: Effect of Change in Loan Balance and Affordability" (with Wonhyeok Kim and Seunghyun Kim) Journal of Korea International Economic Association, 2020.

  • "Effect of Plant Start-up and Growth on Productivity" (with Wonhyeok Kim and Chunggu Chee) Journal of Korean Economic Analysis, 2019.

  • "Job Creation and Destruction of Small and Large Plants over the Business Cycle" (with Chunsoo Jung and Wonhyeok Kim) Journal of Money and Finance, 2018.

  • "Growth and Failure of Manufacturing Plants in Korea: Single-unit versus Multi-unit Plants" (with Hyunbae Chun and Nyeong Seon Son) Journal of Market Economy, 2108.

  • "Firm Structure and Exit of Manufacturing Plants" (with Nyeong Seon Son) Korean Journal of Industrial Organization, 2017.

  • "A New Estimate for the Natural Rate of Unemployment based on Job Finding and Separation Rates" (with Kyu Baek Kwon and Hyung Seok Kim) Korean Journal of Labor Economics, 2015.

  • "Entry and Competition of Large Discount Stores in Korea" (with Hyunbae Chun and Seoji Hur) Korean Journal of Economic Studies, 2014.

  • "An Analysis of Establishments Dynamics in Korea Using Dynamic General Equilibrium Model: Comparison to the U.S. Case" (with Choongryul Yang) Journal of Korea International Economic Association, 2013.

  • "An Analysis of Korean Business Cycles Using a New Open Economy Macroeconomics(NOEM) Model with Financial Frictions" (with Weh-Sol Moon) Journal of Korea International Economic Association, 2012.

  • "Foreign Investment in Monetary Stabilization Bond, Before and After the Financial Crisis" (with In Hur) Journal of the Korean Data Analysis Society, 2011.

  • "Regional Labor Productivity Growth in the U.S. and the Role of Reallocations across Establishments" Review of Applied Economics, 2011.

Books and Other Publications

  • "Monetary Policy and Firm Entry and Exit" (with Willem Van Zandweghe) The Macro Bulletin, Federal Reserve Bank of Kansas, 2015.

  • "Are There Cleansing Effects of Recessions? Entry and Exit of Manufacturing Plants over the Business Cycle" (with Toshihiko Mukoyama) VoxEU column, 2008.

  • "Regional Productivity Growth and Plant-Level Dynamics" Economic Commentary, Federal Reserve Bank of Cleveland, 2007.

  • "Regional Variation in Job Creation and Destruction" (with Paul Bauer) Economic Commentary, Federal Reserve Bank of Cleveland, 2007.

  • "Employment Growth, Job Creation, and Job Destruction in Ohio" Economic Commentary, Federal Reserve Bank of Cleveland, 2006.

  • "Estimating GSP and Labor Productivity by State" (with Paul Bauer) Policy Discussion Paper, Federal Reserve Bank of Cleveland, 2006.

  • "Labor Productivity Growth across States" (with Paul Bauer) Economic Commentary, Federal Reserve Bank of Cleveland, 2005.

(In Korean)

  • "A study on the Firm Growth Paradigm in Korea: High Growth Firms and Firm Dynamics" (with Jungsoo Park, Sun-Ok Kim) Telco Research Institute, 2015.

  • "A Study of the Effects of Entry and Exit on Productivity Growth in the Personal Service Sector" (with Hyunkyung Choi and Hyunbae Chun) Korea Institute for Industrial Economics and Trade (KIET), 2014.

  • "Asian Bond Market after the Financial Crisis and Policy Implications" (with In Huh, Dong-Eun Rhee, and Da Young Yang) Korea Institute for International Economic Policy (KIEP), 2010.