After the global financial crisis, both export growth and economic growth have trended downward, while exports’ contributions to percentage change in GDP fell off markedly after 2011. For this study, we adopted an export multiplier approach by which exports’ indirect effects on the domestic...

Until recently, Korea has pursued an export-led growth strategy in which manufacturing exports have played a leading role in the economic growth of the country. There is no question that this strategy has been successful, as Korea joined the ranks of the OECD in a comparatively short period of...