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The Effects of Exchange Rate Fluctuations on Employment in South Korea
Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Nationalekonomi.
2007 (Engelska)Independent thesis Advanced level (degree of Magister), 10 poäng / 15 hpOppgave
Abstract [en]

Large fluctuations of the currency in South Korea since the late 1990s have attracted attention regarding their implications on the workers. Using monthly data on employment-gross job flows, the employment access rate, and the turnover rate-from the year 1993 to 2006, this paper explores the relationship between exchange rate fluctuations and employment in South Korea. A depreciation (an appreciation) of the exchange rate translates into a shrinkage (expansion) in employment in the cases of industries in total and the manufacturing industry. However, such a relationship between the exchange rate and employment takes an opposite direction in the service industry; employment is stimuated by a depreciation while it is inhibited by an apprecation. Job reallocation is more stimulated in a shorter period of time in the service employment, yet it is further inhibited in the manufacturing industry in a longer period of time.

sted, utgiver, år, opplag, sider
2007. , s. 39
Emneord [en]
Real Effective Exchange Rate, Gross Job Flows, Employment Access Rate, Turnover Rate, Structural VAR, South Korea
HSV kategori
Identifikatorer
URN: urn:nbn:se:hj:diva-745OAI: oai:DiVA.org:hj-745DiVA, id: diva2:4475
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samhälle/juridik
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Tilgjengelig fra: 2007-03-16 Laget: 2007-03-16

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