[학술논문] Economic Growth and Trade of North Korea with China: Cointegration and Granger Causality Test
...Sino–North Korean trade and North Korean
economic
growth from 1970 to 2012. To conduct empirical analysis, VECM is constructed, which is composed of four variables, North Korean GDP, imported capital as a proxy for investment, exports to China, and imports from China. The cointegration equation suggests that the mechanism of North Korea’s
economic
growth is basically similar with that of low-income...