COVID-19 was first reported in China in December 2019 and has since rapidly spread worldwide. It was declared a pandemic by the WHO in March 2020. In Korea, the first confirmed case of COVID-19 was on January 20, 2020. Thus, 2020 was a year that the Korean economy spent entirely under the shock...

Since most official estimates of major macroeconomic variables that market participants and policy makers keenly monitor in real time come out with significant publication lags, nowcasting literature especially targeted on key macro variables has trended over the recent years. Nowcasting refers...

The COVID-19 pandemic is estimated to have caused a decline of 3%p in Korea’s GDP growth and 7%p in private consumption growth, as well as the loss of 460,000 jobs.Compared to previous crises, the pandemic-induced economic slowdown was the nation’s second largest, following that suffered in...

This paper takes the spectrum approach to identify possible industrial and enterprise insolvency and goes on to conduct a composite analysis of both the potential industry insolvency spectrum and enterprise insolvency spectrum. Recently, the proportion of industries and enterprises showing signs...

n this article, we focus only on the SR component of demand, and our main aim is to address the third deficiency in addition to the first two. In place of a TRF, we introduce a new concept : the cross-temperature response function (CTRF). The CTRF employs economic covariates directly in the...

This paper aims to conduct long-term projections about the organizational changes in the Korean economy and industry. The KIET–DIMM (KIET Dynamic Inter-industry Macroeconomic Model) was developed into KIET–DIMM12 to conduct this research. The KIET–DIMM is basically designed to achieve...

Korean Abstract: 본 연구는 우리나라 해외직접투자통계의 전반적인 개선⋅개발 방안을 구체적으로 제시하기 위해 수행되었다. 우리나라의 해외직접투자는 급속도로 늘어나고 있다. 이에 따라 해외직접투자 및 해외 자회사의...

The stable supply of energy is very important in Korea owing to its high level of energy consumption and heavy reliance on imports for its energy use. As of 2017, Korea’s final energy consumption per capita was 4.55 tons of oil equivalent (toe), 3.5 times the global average of 1.28 toe, with...

The tremendous advances that have been made in information and communication technology have led to a concomitant increase in the production and accumulation of big data in various sectors. And as big data has grown, governments, private enterprise and academia are coming paying it more and more...