At the Global Trade Research Center, empirical research is being conducted focusing on the heterogeneity in global firm performance and firm dynamics observed in major economies worldwide, including Korea's economy. Specifically, the center examines the effects of changes in firm dynamics on economic growth and the factors influencing firm growth. Additionally, research is being carried out on the production and diffusion of technological innovations, the formation of intellectual property, innovation activities of research personnel, and the establishment of efficient global production networks.
Furthermore, the center explores various aspects of international economics, including the effects of trade on capital inflows and outflows, as well as the interactions between international financial markets, domestic financial markets, and the real economy. Particular attention is given to estimating the impacts of international financial market shocks on firms and households through empirical analysis of microdata and the application of macroeconomic models. Representative studies include research on optimal policies under the accumulation of corporate and government debt, and the correlation between corporate debt and sovereign bond interest rates using firm-level microdata. Recent studies involve analyzing the domestic household impacts of U.S. monetary policy shocks through the banking sector.
The research of this center aims to enhance the understanding of economic growth and development by analyzing global firms as agents of trade and investment. This includes empirical and theoretical work on how technological innovation processes, intellectual property accumulation, advanced global supply chain construction, and financial soundness influence firm dynamics, industrial structure, and labor markets.
Furthermore, the center explores various aspects of international economics, including the effects of trade on capital inflows and outflows, as well as the interactions between international financial markets, domestic financial markets, and the real economy. Particular attention is given to estimating the impacts of international financial market shocks on firms and households through empirical analysis of microdata and the application of macroeconomic models. Representative studies include research on optimal policies under the accumulation of corporate and government debt, and the correlation between corporate debt and sovereign bond interest rates using firm-level microdata. Recent studies involve analyzing the domestic household impacts of U.S. monetary policy shocks through the banking sector.
The research of this center aims to enhance the understanding of economic growth and development by analyzing global firms as agents of trade and investment. This includes empirical and theoretical work on how technological innovation processes, intellectual property accumulation, advanced global supply chain construction, and financial soundness influence firm dynamics, industrial structure, and labor markets.