Economics at your fingertips  

The adjustment effect of the extensive margin on the terms of trade during economic crises

Kichun Kang

Economics Letters, 2019, vol. 176, issue C, 5-8

Abstract: Variations in trade flows after economic crises are largely explained by the destruction and creation of trade varieties. This paper investigates the adjustment effect of the extensive margin on the terms of trade of South Korea, which witnessed large trade variations during the 1997 Asian and 2008 global crises. We demonstrate that the conventional terms of trade suffered severely because of ignoring the changes in trade varieties during the economic crises.

Keywords: Economic crisis; Extensive margin; Terms of trade (search for similar items in EconPapers)
JEL-codes: F10 F12 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

Page updated 2019-05-11
Handle: RePEc:eee:ecolet:v:176:y:2019:i:c:p:5-8