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The Effects of Exchange Rate Fluctuations on Employment in South Korea
Jönköping University, Jönköping International Business School, JIBS, Economics.
2007 (English)Independent thesis Advanced level (degree of Magister), 10 points / 15 hpStudent thesis
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.

Place, publisher, year, edition, pages
2007. , p. 39
Keywords [en]
Real Effective Exchange Rate, Gross Job Flows, Employment Access Rate, Turnover Rate, Structural VAR, South Korea
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-745OAI: oai:DiVA.org:hj-745DiVA, id: diva2:4475
Uppsok
samhälle/juridik
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Available from: 2007-03-16 Created: 2007-03-16

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CiteExportLink to record
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  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
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  • Other locale
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Output format
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