This study investigates the relationship between trade and economic growth in Korea during 1980-2003. We find Granger causality from imports to Total Factor Productivity (TFP) growth, and the absence of any causal relation between exports and TFP. We then, empirically examine the impact of...

We investigate Granger causality between productivity growth and inflation in Korea using quarterly data for the period 1985Q1--2002Q4. Our results indicate unidirectional Granger causality from productivity growth to inflation. In light of such causality, we estimate the effect of productivity...