We analyse the determinants of the Gini coefficient for income and expenditure in South Korea between 1975 and 1995. In both cases, we do not find support for the Kuznets inverted-U hypothesis. From an economic globalization viewpoint, the opening of goods markets reduces income inequality in...

We investigate causal relationships among exports, imports, and economic growth in North Korea using time series data for the period between 1964 and 2008. The empirical results show Granger causality from imports to GNP in the first half of the period and from GNP to imports in the second half....

Many variations exist of yield curve modeling based on the exponential components framework, but most do not consider the generating process of the error term. In this paper, we propose a method of yield curve estimation using an instantaneous error term generated with a standard Brownian...

Japan consists of many small inhabited islands in addition to four main islands. We examine the impact of fiscal expenditure and the number of tourists on per capita taxable income in remote islands using panel data analyses. The results show that both fiscal expenditure and population size have...